Refer to the table above. The farmer began to experience diminishing returns after applying how many bags of fertilizer?
A) 1 B) 2 C) 3 D) 4
A
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At the time of the Civil War the most important crop in the South was _________.
Fill in the blank(s) with the appropriate word(s).
In the simple deposit expansion model, if the Fed extends a $100 discount loan to a bank that previously had no excess reserves, deposits in the banking system can potentially increase by
A) $10. B) $100. C) $100 times the reciprocal of the required reserve ratio. D) $100 times the required reserve ratio.
If you invest $500 today, and the value one year from today is $1000, then the annual interest rate must be
A) 10%. B) 50%. C) 100%. D) 200%.
Assume that the demand curve for a certain good is a vertical line. This vertical demand curve illustrates the idea that:
a. consumers are unwilling to pay more than a certain price for the good. b. the good is a complement to another good. c. consumers are unwilling to pay less than a certain price for the good. d. there are many substitutes for this good. e. people will not change the quantity demanded of the good when its price is changed.