If a movie theater is going to gain by charging students a dollar less than other customers,
a. the demand of students must be more elastic than that of other customers.
b. the demand of students must be less elastic than that of other customers.
c. students must have higher incomes than other customers.
d. other customers must enjoy movies more than students.
A
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If a society moves from a period of time with significant unemployment to a time with full employment, its production possibilities frontier will
A) shift rightward. B) not shift because the society moves from a point inside the frontier to a point on the frontier. C) shift leftward. D) not shift because the society moves from one point on the frontier to a point inside the frontier. E) not shift because the society moves from one point on the frontier to a point outside the frontier.
Which of the following is not an upper-middle income country?
a. Brazil b. South Africa c. Pakistan d. Argentina
If the Fed purchases $50,000 in T-bills from a bank, by how much will the bank's excess reserves increase?
A) by $50,000 B) by $50,000 times the required reserve ratio C) by $50,000 divided by the required reserve ratio D) Not enough information has been provided to answer the question.
Which of the following statements is correct?
A. When borrowers repay bank loans, the money supply is increased B. When borrowers take out bank loans, the money supply is decreased C. A single bank can legally lend an amount equal to its total reserves D. A bank can only grant loans to customers if it has excess reserves