If a commercial bank holds 8 percent of deposits as reserves, then the value of money multiplier will be equal to 8
a. True
b. False
Indicate whether the statement is true or false
False
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The following table provides data for an economy in a certain year.Consumption expenditures50Imports40Government purchases of goods and services20Construction of new homes and apartments30Sales of existing homes and apartments40Exports50Government payments to retirees10Household purchases of durable goods20Beginning-of-year inventory10End-of-year inventory20Business fixed investment30Given the data in the table, how much did households spend on nondurables and services?
A. 70 B. 30 C. 20 D. 50
Briefly explain the difference between the concepts of scarcity and shortage
What will be an ideal response?
The longer the time frame of analysis, the easier it is to make adjustments in production by switching production methods and/or building or closing down production facilities
a. True b. False Indicate whether the statement is true or false
Insoul Inc has been granted a form of legal protection that prevents other firms from copying its original music compositions for commercial purposes. The legal restriction that Insoul Inc has been offered is a: a. trademark. b. subsidy
c. copyright. d. patent.