Economic information
a. is usually scarce and costly to acquire
b. is usually available free to any decision maker
c. is usually not required for rational decision making
d. must be complete before any decision is made
e. is usually useful only to governments
A
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Carson’s bank has a reserve requirement ratio of 20 percent. What is the money multiplier for Carson’s bank?
a. 2 b. 8 c. 5 d. 20
The impact of the national debt on the? economy's unemployment is an example of
A. irrational economics. B. macroeconomics analysis. C. microeconomic analysis. D. behavioral economics.
In order to have ________ distribution of final products to households, free and open markets are essential.
A. an efficient B. a fair C. an equitable D. All of the above are correct.
Elaborate on your answer to the previous question by using demand curves. For which good does demand change and for which good does the quantity demanded change?
What will be an ideal response?