What is the Portugal's opportunity cost of producing 3 bottles of wine?
2 pairs of shoes
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According to the Application, the Fed started paying interest to banks on reserves. Since this change has occurred
A) all total reserves are now excess reserves. B) total reserves are finally equal to required reserves. C) required reserves now exceed total reserves. D) total reserves now far exceed required reserves.
Total revenue is maximized where demand is inelastic
a. True b. False
If people thought that many banks in a certain country were at or near the point of bankruptcy, then that country's interest rate
a. and net exports would rise. b. would rise and its net exports would fall. c. would fall and its net exports would rise. d. and its net exports would fall.
The first antitrust law in the United States was the
A) FTC Act. B) Clayton Act. C) Sherman Act. D) Robinson-Patman Act.