How is happiness related to development?
What will be an ideal response?
Answers should make reference to the correlation between happiness and income level as well as touch on the connection between happiness and social relationships, personal and democratic freedoms, religious beliefs, and health, among other factors listed on
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Marginal cost indicates how much total cost increases if one more unit is produced or how much total cost drops if production declines by one unit
a. True b. False
Refer to the table below. The amount of currency held by the public ________, and the amount of reserves held by banks ________. It must be the case that, in 1932, the Federal Reserve ________. Currency held by public(in billions)Reserve-deposit ratioBank reserves (in billions)Money supply (in billions)December 1931$4.590.095$3.11$37.3December 1932$4.820.109$3.18$34.0
A. decreased; increased; performed open-market operations B. increased; also increased; injected reserves into the economy C. increased; also increased; increased the discount rate D. decreased; also decreased; kept the rate of inflation low
The Federal Open Market Committee meets
A. once a month. B. eight times a year. C. four times a year. D. semi-annually.
If a competitive industry is neither expanding nor contracting, we would expect:
A. total revenue to be zero. B. economic profits to be zero. C. total opportunity cost to be zero. D. more resources to flow to that industry.