Refer to Table 2-1. Assume Tomaso's Trattoria only produces pizzas and calzones. A combination of 24 pizzas and 30 calzones would appear
A) along Tomaso's production possibilities frontier.
B) inside Tomaso's production possibilities frontier.
C) outside Tomaso's production possibilities frontier.
D) at the horizontal intercept of Tomaso's production possibilities frontier.
A
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Suppose Acme County Bank and Trust has $1 million in total deposits and the required reserve ratio is 5%. How many dollars is Acme bank allowed to use to seek profits?
A) 0 B) $50,000 C) $500,000 D) $950,000 E) Trick question: banks aren't allowed to seek profit.
Explain how the money markets of two countries are linked through the foreign exchange market
What will be an ideal response?
The Fed generally announces what it is doing with monetary policy in terms of a target for the:
A. discount rate. B. monetary base. C. reserve requirement. D. federal funds rate.
Suppose that a new machine tool having a useful life of only one year costs $80,000. Suppose, also, that the net additional revenue resulting from buying this tool is expected to be $96,000. The expected rate of return on this tool is:
A. 80 percent. B. 8 percent. C. 2 percent. D. 20 percent.