In the United States, bank reserves include:
A) vault cash, currency held by the public and bank's holdings on deposit at the Federal Reserve Bank.
B) currency held by the public and bank's holdings on deposit at the Federal Reserve Bank.
C) vault cash and the bank's holdings on deposit at the Federal Reserve Bank.
D) vault cash and the currency held by the public.
C
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In a large country case, an optimal tariff would be:
a. one that increases the producer surplus. b. one that raises the price of the product imported. c. one in which the terms-of-trade gain exceeds the deadweight loss. d. one that easily passes the legislative process.
When one more car enters a crowded highway it increases the travel times of all other drivers on the highway creating a negative externality
a. True b. False Indicate whether the statement is true or false