Google
Saturday 
January 20, 2018 

AmosWEB means Economics with a Touch of Whimsy!

AmosWEBWEB*pediaGLOSS*aramaECON*worldCLASS*portalQUIZ*tasticPED GuideXtra CrediteTutorA*PLS
QUOTA: A limit on the quantity of some sort of activity. Two of the more noted quotas are for employment and imports. Employment quotas have been used as a means of providing increased opportunities to blacks, hispanics, women, and other groups that have been historically subject to discrimination. Such quotas, however, tend to anger other groups, especially white males, who don't get favorable treatment. While employment or similar anti-discrimination quota systems might help address historical problems, they are not without cost. In particular, our economy's efficiency is likely to suffer if a less qualified member of an ethnic group is selected over someone who is more qualified. Import quotas have similar problems. They are one form of trade barriers that's usually intended to reduce the competition faced by a domestic producer.

Visit the GLOSS*arama

Most Viewed (Number) Visit the WEB*pedia

Lesson 18: Banking | Unit 3: Reserve Banking Page: 16 of 24

Topic: Goldsmith Reserves <=PAGE BACK | PAGE NEXT=>

Knights make gold deposits, others withdraw gold, merchants seek investment loans, and others repay loans.

Fred must keep sufficient gold to satisfy any withdrawal.

Required reserves:

  • Fred concludes that he needs no more than 10 pounds of gold to back each 100 pounds of gold deposits.
  • He doesn't need to keep 100% of the deposits in reserves.

Fred has discovered modern fractional-reserve banking.

Excess Reserves:

  • Fred uses the other 90% for the loans which earn interest and make his business a profitable one.

Course Home | Lesson Menu | Page Back | Page Next

ALLOCATIVE EFFICIENCY

Obtaining the most consumer satisfaction from available resources. In other words, resources are allocated in such a way that consumer satisfaction is at its highest possible level. This is also termed either efficiency or economic efficiency.

Complete Entry | Visit the WEB*pedia


APLS

PINK FADFLY
[What's This?]

Today, you are likely to spend a great deal of time browsing about a thrift store seeking to buy either a desktop calendar with all federal and state holidays highlighted or a half-dozen helium filled balloons. Be on the lookout for pencil sharpeners with an attitude.
Your Complete Scope

This isn't me! What am I?

The wealthy industrialist, Andrew Carnegie, was once removed from a London tram because he lacked the money needed for the fare.
"Act well at the moment, and you have performed a good action for all eternity."

-- Johann Kaspar Lavater

MR
Marginal Revenue
A PEDestrian's Guide
Xtra Credit
Tell us what you think about AmosWEB. Like what you see? Have suggestions for improvements? Let us know. Click the User Feedback link.

User Feedback



| AmosWEB | WEB*pedia | GLOSS*arama | ECON*world | CLASS*portal | QUIZ*tastic | PED Guide | Xtra Credit | eTutor | A*PLS |
| About Us | Terms of Use | Privacy Statement |

Thanks for visiting AmosWEB
Copyright ©2000-2018 AmosWEB*LLC
Send comments or questions to: WebMaster