A situation in which the price charged is greater than society's opportunity cost would lead to
A) too little being produced.
B) too much being produced.
C) an efficient amount being produced.
D) marginal cost pricing.
Answer: A
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The difference between a demand deposit and a NOW account is that
A) checks may not be written against NOW account balances. B) demand deposits pay no interest. C) NOW accounts pay no interest. D) checks may not be written against demand deposit balances.
If currency depreciates,
A. net exports rise and the aggregate demand curve shifts inward. B. net exports rise and the aggregate demand curve shifts outward. C. net exports fall and the aggregate demand curve shifts inward. D. net exports fall and the aggregate demand curve shifts outward.
The Montreal Protocol uses the following instruments to protect the ozone layer
a. a CFC production and consumption allowance market b. a fund to subsidize developing countries c. a deposit-refund system for CFC substances d. all of the above e. a and bonly
If people decide to hold more currency relative to deposits, the money supply
a. falls. The larger the reserve ratio is, the more the money supply falls. b. falls. The larger the reserve ratio is, the less the money supply falls. c. rises. The larger the reserve ratio is, the more the money supply rises. d. rises. The larger the reserve ratio is, the less the money supply rises.