Demand deposits are balances in bank accounts that depositors can access by writing a check or using a debit card
a. True
b. False
Indicate whether the statement is true or false
True
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A Big Mac costs $4.79 in the United States and 9.6 zlotys in Poland. If the exchange rate is 3 zlotys per dollar, what is the dollar cost of a Big Mac in Poland?
A) $1.60 B) $2.00 C) $3.20 D) $4.64
What is immizerizing growth? Describe how it could happen and give at least one cited historical example
What will be an ideal response?
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are
a. Substitutes b. Complements c. Not related d. None of the above
Which of the following reasons might explain why an economy would be operating inside its production possibilities curve (PPC)?
a. Because technological innovations have increased the productivity of labor and capital. b. Because of unemployment or underemployment of labor, perhaps due to discrimination against employing workers of a certain race or gender. c. Because damage to natural resources, such as might be caused by deforestation leading to erosion of topsoil, has shrunk the land resource. d. Because shrinking population has reduced the number of productive workers in the economy.