Reserves are funds that banks use to satisfy the cash demands of their customers and the reserve requirements of the Fed
Indicate whether the statement is true or false
false
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Which of the following groups lists the four factors of production?
A) labor, capital, land, entrepreneurship B) labor, capital, land, money C) labor, money, land, entrepreneurship D) labor, capital, money, entrepreneurship
Assume that the demand curve for DVD players shifts to the left and the supply curve for DVD players shifts to the right, but the supply curve shifts less than the demand curve. As a result
A) both the equilibrium price and quantity of DVD players will decrease. B) the equilibrium price of DVD players will decrease; the equilibrium quantity may increase or decrease. C) the equilibrium price of DVD players may increase or decrease; the equilibrium quantity will increase. D) the equilibrium price of DVD players will decrease; the equilibrium quantity will increase.
Researcher Terry Anderson claims that with respect to the supply of water, trading it would be
a. wrong and counter-productive. b. essentially impossible due to lack of technologies to move the water. c. highly productive and bring cooperation among the traders. d. a problem, since monopolists would come to own too much.
The marginal benefit of an action:
A. equals the additional benefit produced by extra units of X and tends to decrease as X increases. B. equals the additional benefit produced by the total units of X and tends to increase as X increases. C. equals the additional benefit produced by the total units of X and tends to decrease as X increases. D. equals the additional benefit produced by extra units of X and tends to increase as X increases.