Studying economics helps us to better understand society.
Answer the following statement true (T) or false (F)
True
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You want to purchase two umbrellas. The price is $40 per umbrella, 2 for $60, 3 for $75. What will be the marginal cost to you of buying a third umbrella?
A) $75 B) $25 C) $20 D) $15 E) $10
The ________ the reserve ratio, the ________ the money multiplier
A) larger; larger B) smaller; smaller C) smaller; larger D) None of the above are correct.
An arrangement in which a group of countries give each other preferential trade terms is
a. Generalized System of Preferences b. customs union c. foreign trade zone d. General Agreement on Tariffs and Trade e. all of the above
You have won a contest and are allowed to choose between two prizes. One prize is $200 today and another $200 one year from now. The other prize is $100 today and an additional $325 one year from now
At what interest rate (if any) would you be indifferent between the two prizes?