Refer to the figure above. This country has comparative advantage in
A) X.
B) Y.
C) both X and Y.
D) Can't tell without more information.
A
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We will run out of renewable resources if we
a. do not ration them b. consume them faster than nonrenewable resources c. extract them faster than we consume them d. consume them faster than they regenerate e. continue to use them at any rate
Bank C receives a deposit of $40,000 . If the required reserve ratio in the economy is equal to 25 percent, the final change in demand deposits of Bank C will be equal to:
a. $160,000. b. $200,000. c. $100,000. d. $150,000.
The quantity demanded of a product increases as:
A. consumer income rises. B. the prices of other products fall. C. the price of the product rises. D. the price of the product falls.
Lowering the discount rate will
A) decrease reserves, encourage banks to make fewer loans, and decrease the money supply. B) decrease reserves, encourage banks to make fewer loans, and increase the money supply. C) increase reserves, encourage banks to make more loans, and increase the money supply. D) increase reserves, encourage banks to make more loans, and decrease the money supply.