Suppose Bank A receives a $10 million dollar deposit from a…

Suppose Bank A receives a $10 million dollar deposit from a customer. The bank keeps 10% in reserves and makes new loans with the excess reserves. Suppose this process continues indefinitely, wherein new debtors keep opening accounts with Bank A to deposit their new loans into. What is the amount of money generated by Bank A from that initial $10 million deposit with a 10% reserve ratio? Hint:  use the money multiplier

Suppose China had been producing Moon Suits that enabled ind…

Suppose China had been producing Moon Suits that enabled individuals to fly to the moon for 10 years.   China would obviously have an advantage over other countries in the production of Moon Suits because their Moon Suit industry would be established and have economies of scale.    What argument could be used by new  Moon Suit producers in the United States in order to have protection from foreign competition?