A bed of oysters is not an example of a factor of production but the shucked oysters used to make oyster stew are a factor of production
Indicate whether the statement is true or false
FALSE
Economics
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The currency deposit ratio, c, is 0.10. The reserve requirement, rr, is 0.08. The excess reserve ratio, e, is 0.05. What is the size of the money multiplier?
A) 4.70 B) 4.78 C) 4.75 D) 4.00
Economics
In classical IS—LM analysis, the effects of a decline in desired investment include
A) a decline in output. B) an increase in the price level. C) a decline in the real interest rate. D) an increase in unemployment.
Economics
Need establishes eligiblility for Social Security benefits
Indicate whether the statement is true or false
Economics
The burden of a tax placed on buyers is:
A. shared between buyers and sellers. B. the buyers' incidence. C. the sellers' incidence. D. higher if the tax is placed on buyers.
Economics