A productive project is one that generates
A) something that people value.
B) benefits that are greater than the costs of the project.
C) benefits for consumers.
D) revenues for producers.
B) benefits that are greater than the costs of the project.
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Refer to the data. If the original balance sheet was for the commercial banking system, rather than a single bank, loans and checkable deposits could have been expanded by a maximum of:
Use the following balance sheet for the ABC National Bank in answering the question. Assume the required reserve ratio is 20 percent.
A. $8,000.
B. $15,000.
C. $48,000.
D. $25,000.
When natural resources are not traded, or where markets are not allowed to function as well as they can under a system of well-defined property rights, the problems of ____ and ____ are common
a. higher taxes; increased regulation b. waste; scarcity c. inflation; unemployment d. slow growth; fluctuating currency values
In a certain economy, the components of aggregate spending are given by: C = 500 + 0.8(Y - T) - 300rI = 200 - 400rG = 200NX = 10T = 150Given the information about the economy above, what would be the impact on aggregate expenditures of a one-percentage-point increase in the real interest rate (r)?
A. Aggregate expenditures would decrease by 35 units. B. Aggregate expenditures would decrease by 7 units. C. Aggregate expenditures would increase by 35 units. D. Aggregate expenditures would decrease by 700 units.
A monopolist charges a price that is ________ and produces ________ than a perfect competitor.
A. lower; more B. higher; more C. lower; less D. higher; less