An increase in checking account balances equals the initial deposit multiplied by total reserves
Indicate whether the statement is true or false
FALSE
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After people buy insurance, they are more likely to build a beach house out of wood framing rather than concrete block. This is an example of
A) risk aversion. B) moral hazard. C) risk neutrality. D) free riding in teams.
Government spending does not reallocate resources away from private uses when the economy is at full employment
Indicate whether the statement is true or false
Consider an industry with two firms producing similar products. Each firm's total cost (in dollars) is given below. Acme Manufacturing: TC = 100 + 3Q. Generic Industries: TC = 500 + 3Q. When each firm is producing the same quantity, Acme's average total cost is:
A. lower than Generic's average total cost. B. equal to Generic's average total cost. C. lower than Generic's average total cost at some levels of output, and higher than Generic's average total cost at other levels of output. D. higher than Generic's average total cost.
A. countries with lower GDP per person tend to have healthier environments. B. countries with higher GDP per person tend to have healthier environments. C. there is no correlation between GDP per person and environmental quality. D. growth in GDP
per person initially improves environmental quality and then gradually reduces it. A. the United States and Tanzania. B. Switzerland and Latvia. C. New Zealand and Sweden. D. Brazil and Australia.