Efficiency wages are ___ the level firms would have to pay to fill all their open positions higher than lower than equal to none of the above Firms that pay efficiency wages are attempting to minimize transactions costs. monitoring costs. adverse selection problems. agency problems. Firms that pay efficiency wages are attempting to minimize agency costs. moral hazard problems. asymmetric information. all of the above. Deductibles on car insurance are solutions to the___ problem for insurers. adverse selection moral hazard free-rider all of the above For the following seven questions, use the following bank balance sheet. Values are millions of dollars. a) If the reserve requirement is 10%, the bank has ___ in excess reserves. $0 $5 $10 $50 If $100 in transaction deposits were withdrawn, what is the minimum amount the bank would have to borrow to meet the reserve requirement, if there were no other changes to the balance sheet? $30 $50 Efficiency wages are ___ the level firms would have to pay to fill all their open positions higher than lower than equal to none of the above Firms that pay efficiency wages are attempting to minimize transactions costs. monitoring costs. adverse selection problems. agency problems. Firms that pay efficiency wages are attempting to minimize agency costs. moral hazard problems. asymmetric information. all of the above. Deductibles on car insurance are solutions to the___ problem for insurers. adverse selection moral hazard free-rider all of the above For the following seven questions, use the following bank balance sheet. Values are millions of dollars. a) If the reserve requirement is 10%, the bank has ___ in excess reserves. $0 $5 $10 $50 If $100 in transaction deposits were withdrawn, what is the minimum amount the bank would have to borrow to meet the reserve requirement, if there were no other changes to the balance sheet? $30 $50