A change in the level of an economic activity is desirable and should be undertaken as long as the marginal benefits exceed the ____
a. marginal returns
b. total costs
c. marginal costs
d. average costs
e. average benefits
c
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If Joe withdraws a $100 bill from his checking account and Jack deposits another $100 bill in his savings account, by how will M1 and M2 change?
A) M1 will decrease, but M2 will remain the same. B) M1 will increase, and M2 will increase. C) M2 will decrease by $100. D) Both M1 and M2 will remain the same. E) M1 will remain the same, and M2 will increase.
The Basel Committee ruled that regulators in other countries can ________ the operations of a foreign bank if they believe that it lacks effective oversight
A) restrict B) encourage C) renegotiate D) enhance
In economics, a free rider is the term used for a person who
a. receives the benefit of a good without contributing to its costs of production. b. purchases an item during a "buy one, get one free" sale. c. lives in a town in which the city provides free bus service. d. pays for exactly what they receive.
The largest merger in the history of the world was between _______ and _________.
Fill in the blank(s) with the appropriate word(s).