A 5 percent increase in income leads to a 10 percent decrease in quantity demanded for a service. This service is a(n) __________ good and demand is __________

The money-creation process generated by an injection of reserves stops when

A. people deposit their loans into other banks. B. reserve requirements are raised. C. the increase in required reserves equals the size of the injection. D. bankers begin to fear runs and stop making loans.

Large and efficient agricultural producers like Argentina and Australia protect that sector heavily

Indicate whether the statement is true or false

Which of the following statements is TRUE?

A. Gross Domestic Product (GDP) may be calculated using the income or the expenditure approach. B. The value of intermediate goods is included in Gross Domestic Product (GDP). C. The value of illegal activities is included in Gross Domestic Product (GDP). D. The value of a homemaker's services is included in Gross Domestic Product (GDP).

Refer to the information provided in Table 33.4 below to answer the question(s) that follow.  Table 33.4GermanyChileBeerWineBeerWine(cases)(cases)(cases)(cases)75030 060152412453018 24304512 361560 6 48075 0 60  Refer to Table 33.4. In Germany, the opportunity cost of 1 case of wine is

A. 1/2 case of beer. B. 1 case of beer. C. 2 cases of beer. D. 5 cases of beer.