Which of the following is NOT a reason why economists are interested in understanding consumer behavior?
A. Economists are often called upon to evaluate public policies that impact the well-being of consumers.
B. It is important for businesses to be able to accurately predict consumers' choices.
C. Economists want to understand the conditions under which trade will take place.
D. Economists want to predict the value of a company's stock.
D. Economists want to predict the value of a company's stock.
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Which of the following is a valid statement?
a. Excess reserves = total reserves minus required reserves. b. Required reserves = the minimum reserves required by the Fed. c. Required reserve ratio = required reserves as a percentage to total deposits. d. All of these.
If Bolivia can produce 6 calculators or 3 televisions in a day, and Argentina can produce 4 calculators or 12 televisions in a day, then Bolivia would be willing to trade 1 calculator for 1 television with Argentina
a. True b. False Indicate whether the statement is true or false
An expansionary fiscal policy can be illustrated by a(n):
a. Decrease in aggregate demand b. Increase in aggregate demand c. Change in the price level d. Increase in aggregate supply
Which of the following is an ordering of jobs based on their content or relative value?
A. Job analysis B. Job description C. Job structure D. Job evaluation