If a customer deposits $10,000 in currency into a checking account, the bank's total reserves ________
A) increase
B) do not change
C) are greater than 100 percent
D) decrease
A
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How does a tariff affect the government's revenue? How does an import quota affect the government's revenue?
What will be an ideal response?
One reason why most economists forecast that the effects of NAFTA on the U.S. economy would be small is because
A) NAFTA does not bring down tariffs far enough. B) the Mexican economy is small relative to the U.S. economy. C) NAFTA trade opening provisions only cover a handful of sectors. D) Mexico was not expected to live up to its obligations under the agreement. E) the United States was not expected to live up to its obligations under the agreement.
Signaling is the attempt by the uninformed side of the market to uncover the relevant but hidden characteristics of the informed party
a. True b. False
An outward shift of an economy's production possibilities curve is caused by:
a. an increase in capital. b. an increase in labor. c. an advance in technology. d. all of these.