According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study:
a. is positive.
b. outweighs the extra cost.
c. exceeds the benefits of the previous hour of study.
d. will raise your exam score.
b
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Use the following graph to answer the next question.
In the graph, Dt is the transactions demand for money, Dm is the total demand for money, and Sm is the supply of money. The market is in equilibrium at the 6% rate of interest. If the money supply then decreases as shown, the transaction demand for money will change by
A. $0. B. $75. C. $175. D. $125.
Refer to the scenario above. What is Wendy's opportunity cost of producing one greeting card?
A) 0.25 earrings B) 0.5 earrings C) 1 earring D) 2 earrings
Country A's overall balance in the balance of payments equals the:
a. Current account minus the capital account. b. Reserves account minus the current account. c. Reserves account plus the financial account plus the current account. d. Reserves account plus the financial/capital account. e. Zero when central banks do not intervene in the foreign exchange market.
Demand deposits $125,000,000 Time deposits: Original maturity (less than 18 months): $1 billion Original maturity (18 months or more): $500 million Use the information above to find this bank's required reserves.
What will be an ideal response?