If the average height in the classroom were 5 feet 10 inches and Patrick Ewing, who is 7 feet tall, came in and sat down,
a. the average height would rise to 7 feet
b. the marginal height would be 5 feet 10 inches
c. the average height would not change
d. the average height would rise somewhat
e. the marginal height would rise
D
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Assuming the required reserve ratio is 20 percent and total reserves are set at $20 billion, then the maximum amount of deposits would be
a. $100 billion. b. $40 billion. b. $4 billion. d. $60 billion. e. $120 billion.
A rational consumer should not consume more of a good when
a. total utility is decreasing b. marginal utility is diminishing c. one unit has already been consumed d. income is decreasing e. the price increases
Which of the following pairs of terms refer to the same thing?
a. "capital" and "physical capital" b. "technological knowledge" and "human capital" c. "standard of living" and "human capital" d. "standard of living" and "productivity"
The textbook argues that "congestion pricing", if properly implemented, could make all drivers better off by
What will be an ideal response?