What is the initial impact on reserves of a $2,000 deposit if the reserve ratio is 10%?
a. $200 in excess reserves and $1,800 in required reserves
b. $1,800 in excess reserves and $200 in required reserves
c. $2,00 in excess reserves and zero required reserves
d. zero excess reserves and $2,000 in required reserves
b
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An increase in the unemployment rate would be shown on a production possibilities curve by
A. shifting the entire curve outward. B. shifting the entire curve inward. C. moving from a point on or near the curve to a point closer to the origin, rather than shifting the entire curve. D. moving from a point inside the curve to a point on the curve, rather than shifting the entire curve.
Refer to Figure 4-1. Arnold's marginal benefit from consuming the third burrito is
A) $1.25. B) $1.50. C) $2.50. D) $6.00.
Assume that a government is considering a new social program and may choose to include in this program any number of four progressively larger projects. The marginal cost and the marginal benefit of each of the four projects is provided in the table.ProjectMarginal Cost ($B)Marginal Benefit ($B)A12B33C57D78Refer to the above table and information. What project should the government select to achieve the maximum net benefit?
A. A B. B C. C D. D
The marginal rate of transformation of y for x represents
A) the slope of the budget constraint. B) the rate at which the consumer must give up y to get one more x. C) - / . D) All of the above.