If the U.S. interest rate falls while the British interest rate remains constant, which of the following will happen in the market for pounds?
a. A rightward shift of the demand curve, a leftward shift of the supply curve, and an appreciation of the pound
b. A leftward shift of the demand curve, a rightward shift of the supply curve, and an appreciation of the pound
c. A leftward shift of the demand curve, a leftward shift of the supply curve, and a depreciation of the pound
d. A rightward shift of the demand curve, a rightward shift of the supply curve, and an appreciation of the pound
e. A leftward shift of the demand curve, a rightward shift of the supply curve, and a depreciation of the pound.
A
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Cash assets of a commercial bank consist of
A) notes and coins in the bank's vault, a deposit account at the Fed and loans to other banks. B) notes and coins in the bank's vault , a deposit account at the Fed and any gold held for the bank at Fort Knox. C) vault cash, a deposit account at the Fed and the bank's stock holdings. D) vault cash, a deposit account at the Fed and the value of its depositors' accounts.
Refer to Table 2-1. Assume Tomaso's Trattoria only produces pizzas and calzones. A combination of 24 pizzas and 15 calzones would appear
A) along Tomaso's production possibilities frontier. B) inside Tomaso's production possibilities frontier. C) outside Tomaso's production possibilities frontier. D) at the horizontal intercept of Tomaso's production possibilities frontier.
Which philosopher believes that advocates of a position on income distribution must look at a society in the making, where no one yet knows what rules govern economic activity and income distribution?
a. Karl Marx b. A. P. Lerner c. Max Lorenz d. Corrado Gini e. John Rawls
Refer to Scenario 9.2 below to answer the question(s) that follow. SCENARIO 9.2: Tom borrowed $40,000 from his parents to open a donut stand. He agrees to pay his parents a 5% yearly return on the money they lent him. His other yearly fixed costs equal $10,000. His variable costs equal $25,000. He sold 40,000 dozen donuts during the year at a price of $2.00 per dozen.Refer to Scenario 9.2. Tom's total costs equal
A. $37,000. B. $40,000. C. $50,000. D. $59,000.