The final market value of a good is _____
a. the sum of the value added at all stages of production
b. the value added at one stage of production
c. greater than the sum of all the values added at all stages of production
d. less than the sum of all the values added at all stages of production
e. the value added at the final stage of production
a
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Assume that the Paris First National Bank has deposits of $20 million. If the legal reserve requirement is 20 percent and the bank is fully loaned out, the bank will have outstanding loans totaling
a. $2 million b. $4 million c. $10 million d. $16 million e. $20 million
When a government sets limits or puts any restrictions on the international flow of currency or payments, these measures are called:
a. forex regulation and restriction. b. capital controls. c. safeguard measures. d. black-market measures.
Consumers usually buy fewer units of a good than the quantity that would maximize total utility from consuming the good because
A. marginal utility becomes zero after just a few units of the good. B. they are not rational. C. of the law of demand. D. they have limited incomes.
If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes?
A. ?$240 million. B. ?$200 million. C. ?$180 million. D. ?$50 million.