To calculate the ________ of an alternative, an individual needs to estimate ________ of the alternative
A) marginal benefit; total cost
B) marginal cost; total benefit
C) opportunity cost; total benefit
D) net benefit; both cost and benefit
D
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When two companies that produce the same product merge, it is called a
A) conglomerate merger. B) diagonal merger. C) horizontal merger. D) vertical merger.
________ in the desired reserve ratio will ________ the money multiplier
A) An increase; have no effect on B) An increase; decrease C) A decrease; decrease D) A decrease; will have no effect on
Congress passed a law effective in October 2007 which:
A. placed a 36 percent maximum of payday loans. B. placed a 36 percent maximum of payday loans made to active duty personnel and their families. C. released all restrictions on interest rates charged by payday loan companies. D. restricted payday loan companies from operating in 15 states.
After the terrorist attacks on September 11, 2001, the United States began devoting substantial resources toward the War on Terrorism, homeland security, and relief efforts. As long as our resources were being used efficiently, the production possibilities curve would suggest that:
A. we will have to give up the production of other goods that could have been produced with these resources. B. we will be able to produce the same amount of other goods as before. C. the military spending will result in an outward shift in the production possibilities curve but that the relief effort will result in an offsetting inward shift. D. we will be unable to devote the resources necessary toward these efforts unless there is an improvement in technology.