Can bankers create money?
a. No, they do not have this power
b. No, unless they have a special charter which permits it.
c. Yes, through multiple deposit creation.
d. Yes, by printing checks for customers.
c
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Amy can produce either 5000 pounds of cheese or 20 cars per year. Mike can produce either 5000 pounds of cheese or 10 cars per year. Mike's opportunity cost of producing one car is ________ pound(s) of cheese.
A. 1/250 B. 500 C. 1/20 D. 250
According to the Keynesian view, the focus of stabilization policies
a. is to keep the economy at its equilibrium level in the face of shocks to aggregate demand. b. should be to keep the economy at its equilibrium level in the face of shocks to aggregate supply. c. is on the short run. d. All of the above
An incentive is:
A. the marginal cost of engaging in a course of action. B. the marginal benefit of engaging in a course of action. C. something that causes people to behave in a certain way by changing trade-offs they face. D. rational behavior that involves thinking on the margin.
To justify restricting trade, the U.S. broom industry has more reason to use this argument than does the Mexican broom industry
a. retaliation b. cheap foreign labor c. national security d. infant industries e. diversification