The opportunity cost of going to a particular college is not the same for everyone.
Answer the following statement true (T) or false (F)
True
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In 2012, Country X and Country Y had the same production possibilities, illustrated in the figure above. Country X chose to produce at point A, while country Y chose to produce at point B
In 2018, most likely, Country X will be at point such as ________ while Country Y will be at point such as ________. A) A; B B) B; A C) N; Q D) Q; N
If the required reserve ratio is 15 percent, the simple deposit multiplier is
A) 15.0. B) 1.5. C) 6.67. D) 3.33.
Deadweight loss is the
a. decline in total surplus that results from a tax. b. decline in government revenue when taxes are reduced in a market. c. decline in consumer surplus when a tax is placed on buyers. d. loss of profits to business firms when a tax is imposed.
The increase in bank supervision in the United States in the 1980s and early 1990s was due to an increase in bank
A. profits. B. ownership of common stocks. C. failures. D. deposits and loans.