Which of the following statements is true?
A) Output is likely to be the same in a command economy and a market economy.
B) Output is likely to be lower in a market economy than a command economy.
C) Output is likely to be lower in an economy with extractive institutions than an economy with inclusive institutions.
D) Output is likely to be the same in an economy with extractive institutions and an economy with inclusive institutions.
C
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The figure above shows the relationship between the time a student spends studying and the student's GPA that semester. The slope of the relationship at point A equals
A) 3. B) 3/20. C) 2/20. D) 1/20. E) 0.
If the required reserve ratio is 10 percent, an increase in bank reserves of $1,000 can support an increase in checking account deposits (including the original deposit) in the banking system as a whole of up to
A) $100. B) $1,000. C) $10,000. D) $100,000.