If there is a current account surplus, then there is a financial account deficit
Indicate whether the statement is true or false
TRUE
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Lisa is buying bread and at her current purchases, the marginal utility (in dollars) is less than price. If she wants to optimize, she should
A. reduce bread consumption, thus raising P to the level at which MU = P. B. reduce bread consumption, thus raising MU to the level at which MU = P. C. increase bread consumption, thus raising P to the level at which MU = P. D. increase bread consumption, thus lowering MU to the level at which MU = P.
What is the difference between a firm's marginal revenue and its marginal revenue product?
A) Marginal revenue is the change in sales revenue from selling one more unit of output while marginal revenue product is the change in total revenue from hiring one more worker. B) There is no difference between the two terms. C) Marginal revenue is the increase in revenue when a firm raises its output price while marginal revenue product is the increase in marginal product when a firm hires an additional worker. D) Marginal revenue is the change in sales revenue from selling one more unit of output while marginal revenue product is the profit earned from hiring one more worker.
What is the initial impact on reserves of a $2,000 deposit if the reserve ratio is 10%?
a. $200 in excess reserves and $1,800 in required reserves b. $1,800 in excess reserves and $200 in required reserves c. $2,00 in excess reserves and zero required reserves d. zero excess reserves and $2,000 in required reserves
Reducing inflation is a more important objective than economic growth" is an example of
a) Normative economics b) Positive economics c) Objective economics d) Reality economics