Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30
B. exactly 60
C. fewer than 30
D. more than 30
Answer: C
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In fractional reserve banking:
a. bank assets are less than bank reserves. b. only a fraction of total deposits are bank reserves. c. only a fraction of required reserves are investor assets. d. bank loans are less than bank reserves. e. a fraction of bank reserves needs to be backed by gold.
When the price level in the United States rises, then net exports should
a. rise and equilibrium real GDP should increase. b. fall and equilibrium real GDP should increase. c. fall and equilibrium real GDP should decrease. d. rise and equilibrium real GDP should decrease.
Refer to the information provided in Figure 6.3 below to answer the question(s) that follow.
Figure 6.3Refer to Figure 6.3. Molly's budget constraint is AB. It would swivel to AD if the price of
A. CDs decreased. B. DVDs decreased. C. DVDs increased. D. CDs increased.
Which of the following is not classified as a capital input?
a. A John Deere factory. b. A Hewlett-Packard laser printer. c. A cement mixer. d. 500 shares of General Motors stock.