The larger is the reserve ratio, the:
A. smaller is the money multiplier, and the less money will be created in the economy.
B. smaller is the money multiplier, and the more money will be created in the economy.
C. larger is the money multiplier, and the less money will be created in the economy.
D. larger is the money multiplier, and the more money will be created in the economy.
A. smaller is the money multiplier, and the less money will be created in the economy.
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Which of the following is an example of capital income?
A) Wage paid to a worker B) Free lunch at work C) Interest earned on money lent out D) Free parking space in a mall
Pirates have been intensely attacking ships off the shore of Somalia this year. Boat owners have reportedly coughed up more than $30 million in ransom and insurance premiums have shot up
The pirate activity and increase in premiums means that the expected wealth of boat owners who sail near Somalia is ________. A) decreasing B) increasing C) staying the same D) decreasing only if they have insurance
Max has allocated $100 toward meats for his barbecue. His budget line and an indifference map are shown in the above figure. What is the price of chicken?
A) $0.80/lb B) $1.25/lb C) $4/lb D) $5/lb
Which category has the highest amount of state and local spending?
a. education b. police c. firefighting d. transportation