According to the mini-case on the Barbie Doll, Mattel is successful because
A) it has been selling Barbie dolls for a long time.
B) the Barbie doll is the top import into the U.S.
C) international trade allows them to produce a wide variety of doll types at many price points.
D) there are low fixed costs for product design.
C
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Suppose that in 2016, real GDP grew in Estonia by 3% and the population increased by 5%. Therefore, in 2016, Estonia experienced
A) economic growth and an increase in living standards. B) no economic growth, but an increase in living standards. C) no economic growth and no increase in living standards. D) economic growth, but not an increase in living standards.
Suppose that a bank has $250 in vault cash, $750 in deposits at the Federal Reserve, $9,000 of loans, and deposits of $10,000. What is the bank's reserve ratio?
a) 2.5% b) 10% c) 33% d) 90%