An increase in the excess reserves banks want to hold, together with people taking currency out of their demand deposit accounts, would:
a. increase the money supply
b. decrease the money supply.
c. leave the money supply unchanged.
d. have an indeterminate effect on the money supply.
b
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Adhira buys chocolates and almonds. She has 3 bars of chocolates and 4 bags of almonds. The marginal utility of the third chocolate bar is 18 units of utility and the marginal utility from the fourth bag of almonds is also 18
Is Adhira maximizing her utility? A) No, she must buy 1 more chocolate bar to equate her quantities of the two goods. B) No, she must cut back to 3 bags of almonds to equate her quantities of the two goods. C) No, without information on her income and the prices of the two goods, we cannot answer the question. D) Yes, the marginal utility from the last unit of each good is equal.
A traditional system operates based on the self interest of buyers and sellers
a. True b. False Indicate whether the statement is true or false
Protection from foreign competition benefits domestic producers in the protected industry at the expense of domestic consumers
a. True b. False Indicate whether the statement is true or false
Which of the following is not one of the three core economic issues that must be resolved?
A. Who should get the goods and services we produce. B. What to produce with limited resources. C. How to produce the goods and services we select. D. What to produce with unlimited resources.