Secondary reserves consist of
A. government securities.
B. cash and securities.
C. cash, required reserve deposits, and securities.
D. cash only.
A. government securities.
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As more of a good is consumed, the marginal benefit of the good
A) increases. B) decreases. C) remains constant. D) is unpredictable. E) first decreases and then increases.
The economic growth model predicts that
A) GDP per capita of poor countries will grow more rapidly than in rich countries. B) GDP per capita of poor countries will never change. C) Governments must centrally direct the economy for growth to occur. D) GDP per capita of rich countries will grow more rapidly than in poor countries.
What did Malthus say about population growth?
A) Population growth is the key to a nation's economic growth. B) Population growth is not a problem if food production keeps up, and Malthus predicted that it would. C) Population growth is a huge problem if housing and medical care don't also increase. D) The population would grow faster than food supplies, which would be a recipe for disaster.
A sandwich shop has six months left on its lease to its storefront and equipment and currently employs three workers who work on an on-call basis, with no contract. Ingredients are bought daily. How long is the long run for the sandwich shop?
A. A year, the typical term for long run, as there is nothing unusual about this business B. The long and short run are the same in this case C. Six months, after which all inputs listed become variable D. None of these is true.