Tradeoffs involve an exchange of one thing for another because resources are limited and can be used in different ways

Indicate whether the statement is true or false


TRUE

Economics

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An individual deposits $12,000 in a commercial bank. The bank is required to hold 10% of all deposits on reserve. The deposit increases the loan capacity of the bank by

A. $9,600. B. $6,000. C. $10,800. D. $11,000.

Economics

Nominal GDP is $12.1 trillion and real GDP is $11.0 trillion. The GDP price index is

A) 90.1. B) 121. C) 1.10. D) 91.0. E) 110.

Economics

In the panel regression analysis of beer taxes on traffic deaths, the estimation period is 1982-1988 for the 48 contiguous U.S. states

To test for the significance of entity fixed effects, you should calculate the F-statistic and compare it to the critical value from your Fq,? distribution, where q equals A) 48. B) 54. C) 7. D) 47.

Economics

A market economy allocates resources primarily in accordance with orders from government bureaucrats

a. True b. False Indicate whether the statement is true or false

Economics