?Self-interest relates to
A) only monetary objectives.
B) both monetary and nonmonetary objectives.
C) the ceteris paribus assumption.
D) normative economic analysis and not positive economic analysis.
Answer: B) both monetary and nonmonetary objectives.
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Suppose that a bank begins with $500 million in deposits and $100 million in reserves and is just meeting its desired reserve ratio. Now suppose a decrease in the required reserve ratio lowers the desired reserve ratio to 10 percent
After the fall in the desired reserve ratio but before the bank makes any changes, the bank's excess reserves are A) 0. B) $400 million. C) $450 million. D) $50 million.
A typical reason moral hazard arises in the workplace is:
A. employees have no incentive to let the employer know how hard they can really work, because that might be expected of them all the time. B. employees do not directly benefit from their effort, only their time spent at work. C. employees get paid the same, whether they try really hard or not. D. All of these statements are true.
What are the costs and benefits of foreign trade?
What will be an ideal response?
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point D to Point B, the opportunity cost of hybrid cars, measured in terms of motorcycles,
A. initially increases, then decreases. B. increases. C. remains constant. D. decreases.