If Matt Taylor gets his $800 loan from the Paris First National Bank in cash rather than in the form of a new checkable deposit, the:
a. Paris First National Bank will get $800 in new reserves.
b. Paris First National Bank will not get $800 in new reserves.
c. assets of the Paris First National Bank will increase by $800.
d. assets of the Paris First National Bank will decease by $88.
e. liabilities of the Paris First National Bank will increase by $800.
b
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If the demand curve shifts outward and the supply curve remains the same, price will fall.
Answer the following statement true (T) or false (F)
Who in the adult population is counted as "employed" in U.S. labor statistics?
a. people who are temporarily absent from their job and people who work without pay in a family member's business b. people who are temporarily absent from their job but not people who work without pay in a family member's business c. people who work without pay in a family member's business but not people who are temporarily absent from their job d. neither people who are temporarily absent from their job nor people who work without pay in a family member's business
Consider Figure 8.9. Choosing a high price is:
A. a dominant strategy for David but not for Becky. B. a dominant strategy for Becky but not for David. C. a dominant strategy for both David and Becky. D. not a dominant strategy for either David or Becky.
_________ is the added cost to produce one more unit of output.
A. Average cost B. Marginal product C. Marginal cost D. Marginal revenue