A country cannot develop without a large natural resource base
a. True
b. False
Indicate whether the statement is true or false
False
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De jure discrimination refers to a situation where blacks and whites attend segregated schools due to circumstances, not edict
Indicate whether the statement is true or false
Suppose the Fed reduces the reserve ratio from 0.25 to 0.20 and the current level of demand deposits is $10,000 . By how much would excess reserves change?
a. Excess reserves would increase by $2,500. b. Excess reserves would increase by $2,000. c. Excess reserves would decrease by $500. d. Excess reserves would increase by $500. e. Excess reserves would increase by $4,500.
Economists speaking like scientists make
a. normative statements. b. prescriptive statements. c. claims about how the world is. d. claims about how the world should be.
According to economists, money is a resource
Indicate whether the statement is true or false