The unregulated portion of the economy involving goods and services that are produced and exchanged without monetary transactions is known as
a. the underground economy.
b. the secret economy.
c. the capital consumption.
d. transfer payments.
a. the underground economy.
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Refer to Table 14-3. Consider the above simplified balance sheet for a bank. If the required reserve ratio is 10 percent, the bank can make a maximum loan of
A) $2,000. B) $5,000. C) $6,300. D) $45,000.
Refer to the information provided in Figure 33.5 below to answer the question(s) that follow.
Figure 33.5Refer to Figure 33.5. The domestic price of oil is $130 per barrel, and the world price of oil is $120 per barrel. If the domestic government imposes a tariff of $________ per barrel, it will eliminate all oil imports and achieve tariff revenues of $________.
A. 5; 45 million B. 10; 120 million C. 5; 20 million D. 10; zero