When domestic assets in the United States decrease
A. the U.S. residents are reducing their debt to the rest of the world.
B. the U.S. residents are increasing their stock of assets.
C. there is no change in the U.S. debt to the rest of the world.
D. the U.S. residents are increasing their debt to the rest of the world.
Answer: C
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Suppose Bill Gates deposits $20 million into his checking account at Wells Fargo Bank. If the required reserve ratio is 10 percent, what is the maximum change in money supply?
A) -$200 million B) -$180 million C) $2 million D) $180 million E) $200 million
Discuss why the stratification of a society is important to business.
What will be an ideal response?
"As soon as a mayor announced his/her 'get tough on crime' policy on New Year's day, criminals got scared and the crime rate went down." Suppose that the lower crime rate was actually caused by freezing cold temperatures in January?it was just too cold for anybody to be out robbing other people. Which fundamental hazard of the economic way of thinking did the mayor make?
A. believing that what's good for one person is good for the whole group (the fallacy of composition) B. failing to take into account the benefits of crime (the payoff fallacy) C. believing that association is the same as causation D. failing to understand the difference between positive and normative economics.
If disposable income is $400 billion, consumption spending is $380 billion, and MPC is 0.5, what is the level of saving?
A. $20 billion. B. $210 billion. C. $380 billion. D. $590 billion.