Suppose you deposit $1,000 cash in your checking account at a bank. If the bank is loaned up and if the required reserve ratio is 10%, the maximum amount that the bank can lend now, following your deposit is
A) $100.
B) $900.
C) $1,000.
D) $10,000.
Ans: D) $10,000.
Economics
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As a firm hires more and more workers:
A) the value of marginal product of the additional workers eventually increases. B) the marginal product of the additional workers remains the same. C) the value of marginal product of the additional workers remains the same. D) the value of marginal product of the additional workers eventually decreases.
Economics
What are the major rationales for consumer protection in nonmonopolistic industries?
What will be an ideal response?
Economics