The reserve requirement rate is 5%. A bank’s deposits are $200 and it is holding $25 in reserves. Then,
The required reserves are $10 |
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The excess reserves are $15 |
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The money multiplier is 20 |
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(a), (b) and (c) are correct |
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(a) and (b) are correct |
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(a) and (c) are correct |
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(b) and (c) are correct |
In: Economics
describe and critique the budget processes that are used for that organization. budgeting , forecasting, and compare
In: Economics
The total cost function of a perfectly competitive firm is TC= 12+2q^2+4q. What is the firm's optimal quantity at a market price of $12? If over time, the firm could exit and not pay its fixed cost, what would the optimal quantity be?
In: Economics
In: Economics
I have to write a Tourism Site Analysis research paper. There are very strict guidelines. Can someone share a sample of what's a tourism analysis looks like? I can't find anything on google. I already picked my site.
In: Economics
List the items that Governor Abbott identified as emergency items in his 2019 State of the State Address and explain why they were thus identified.
In: Economics
In the absence of international trade, assume that the equilibrium price and quantity of motorcycles in Canada is $14,000 and 10 units respectively. Assuming that Canada is a small country that is unable to affect the world price of motorcycles, suppose its market is opened to international trade. As a result, the price of motorcycles falls to $12,000 and the total quantity demanded rises to 14 units; out of this total, 6 units are produced in Canada while 8 units are imported. Now assume that the Canadian government levies an import tariff of $1,000 on motorcycles. With the tariff, 8 units are produced in Canada and the quantity demanded is 12 units. Refer to the above information and answer the following: (i) What is the price of imported motorcycles as a result of the tariff. (ii) Calculate the tariff redistribution and revenue effect. (iii) What is the deadweight welfare loss for Canada?
In: Economics
Come on now, get a job. In this activity, you will select a country and explore the concepts of unemployment and the phases of the business cycle as it relates to the economic well being of your selected country.
Locate a recent article (published within the last year) that addresses the unemployment theory and unemployment rate of your selected country.
You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country's unemployment rate and how the key economic indicators align with the current phase of the business cycle. Include the following in your discussion.
Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.
In: Economics
You are the manager of a firm that manufactures front and rear windshields for the automobile industry. Due to economies of scale in the industry, entry by new firms is not profitable. Toyota has asked your company and your only rival to simultaneously submit a price quote for supplying 100,000 front and rear windshields for its newest version of the Highlander. If both you and your rival submit a low price, each firm supplies 50,000 front and rear windshields and earns a zero profit. If one firm quotes a low price and the other a high price, the low-price firm supplies 100,000 front and rear windshields and earns a profit of $11 million and the high-price firm supplies no windshields and loses $2 million. If both firms quote a high price, each firm supplies 50,000 front and rear windshields and earns a $6 million profit.
a) Determine your optimal pricing strategy if you and your rival believe that the new Highlander is a “special edition” that will be sold only for one year. Show completed game table with all elements in it.
b) Is this an example of a prisoner's dilemma? Explain.
c) If you and your rival were required to resubmit price quotes year after year and if, in any given year, there was a 58 percent chance that Toyota would discontinue the Highlander, what would be equilibrium strategy? Is Collusion occur? Explain your decision by showing a profit of cooperation and profit of cheating.
In: Economics
Explain how expansionary fiscal policy impacts a small open economy with a floating exchange rate; and compare that to how expansionary fiscal policy works for a country with a fixed exchange rate
In: Economics
2. In this class you have been introduced to the goals of efficiency (achieving the most net benefit) and equity (achieving more equal outcomes). The tradeoff between these goals can be seen in markets such as health care, labor, higher education, and housing. Explain how a policy maker’s values regarding the importance of efficiency versus equity would cause them to intervene in a market, or leave it alone. (Chapter 1, efficiency-equity tradeoff) (SBS2, SBS4)
In: Economics
Small open developing economies, such as those in the Caribbean, are perplexed by the challenges they encounter on account of inadequate resources. A typical Government strategy is investment by invitation - having MNCs fill the resource-deficit gap. Unfortunately, governments compounded the challenge by the misallocating these same resources intended for development. Discuss.Small open developing economies, such as those in the Caribbean, are perplexed by the challenges they encounter on account of inadequate resources. A typical Government strategy is investment by invitation - having MNCs fill the resource-deficit gap. Unfortunately, governments compounded the challenge by the misallocating these same resources intended for development. Discuss. ( 50 marks)
In: Economics
Based on the ratio of the optimal advertising expenditure to sales condition proposed by Dorfman and Steiner(1954 ), Which of the following prescription drugs are likely to receive relatively high advertising budgets from their parent pharmaceutical companies?
New branded drugs for treating chronic disease. |
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New branded drugs for treating acute disease. |
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Generic drugs for treating chronic disease |
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Generic drugs for treating acute disease. |
In: Economics
Paragraph the question:
How to have an acceptable Human Development Index (in countries
that do not yet enjoy it) if sustainable development is not yet
achieved in these countries? Use countries with low and medium HDI
as examples
In: Economics