________: the monetary value of a nation's merchandise exports minus the value of merchandise imports for a given period of time
Fill in the blank(s) with correct word
Balance of trade
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Refer to the figure above, which shows a country's possible production possibility frontiers and indifference curves. If the country is producing at ________, then moving to ________ will cause utility to ________
A) point c; point b; remain unchanged B) point a; point b; increase C) point c; point b; increase D) point c; point b; decrease E) point a; point c; remain unchanged
The public's fear of centralized power and distrust of moneyed interests led to the demise of the first two experiments in central banking, otherwise known as
A) the First Bank of the United States and the Second Bank of the United States. B) the First Bank of the United States and the Central Bank of the United States. C) the First Central Bank of the United States and the Second Central Bank of the United States. D) the First Bank of North America and the Second Bank of North America.
Vault cash is equal to $8 million, deposits by depository institutions at the central bank are $2 million, the monetary base is $40 million, and bank deposits are $90 million. The money multiplier is equal to
A) 2.5. B) 3.0. C) 4.0. D) 5.0.
When a group of people stand to gain from an action that is not rational for any of the members to undertake individually, it is referred to as a:
A. free-rider problem. B. collective-action problem. C. moral hazard problem. D. societal-wellbeing problem.