Author Question: Competitive firms consider private costs, but disregard external costs, when making their economic ... (Read 118 times)

frankwu · **on:** Jun 30, 2018

Competitive firms consider private costs, but disregard external costs, when making their economic decisions.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If an increase of 10 million in excess reserves increases checkable deposits in the banking system by a maximum of 200 million, the required reserve ratio is:
a. 0.
b. 5 percent.
c. 10 percent.
d. 20 percent.
e. 2 percent.