When comparing the additional or incremental costs versus additional or incremental benefits of a decision, one is engaging in:
a. supply and demand analysis
b. marginal analysis
c. production possibilities analysis
b. marginal analysis
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Credit cards, debit cards, and e-checks are
A) always counted as money. B) not money. C) sometimes counted as money, depending on how they are used. D) sometimes counted as money, depending on what is purchased. E) sometimes counted as money, depending on what measure of money is being used.
Refer to the table above. If you are told that Country B is very much richer than Country A, then the correct answer is
A) country B will export good S. B) country A will export good S. C) both countries will export good S. D) trade will not occur between these two countries. E) both countries will import good S.
Price elasticity of supply is a measure of the relative responsiveness of the change in price to a change in quantity supplied
a. True b. False Indicate whether the statement is true or false
If the Fed acts to decrease the money supply,
A) it will increase the supply of bonds, drive bond prices up, and drive interest rates down. B) it will increase the demand for bonds, drive bond prices down, and drive interest rates down. C) it will increase the supply of bonds, drive bond prices down, and drive interest rates up. D) it will increase the demand for bonds, drive bond prices up, and drive interest rates down.