In the market processes resources end up being located in their
A) highest valued use.
B) next best use.
C) proper use.
D) none of these choices.
A
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In the above figure, between x = 2 and x = 3, what is the slope of the line?
A) 1 B) -1 C) 2 D) 3
If the banking system has demand deposits of $100,000, total reserves equal to $20,000, and a required reserve ratio of 20 percent, the banking system can increase the volume of loans by
A. $80,000. B. $100,000. C. $20,000. D. $0.
A main factor determining gasoline demand between 2002 and 2008 was
A. a significant decrease in miles driven by the typical American. B. Americans' increased use of less fuel efficient vehicles. C. Americans' increased use of more fuel-efficient vehicles. D. shrinking demand in both India and China.
Selling a newspaper at retail for ten cents when it cost twenty cents wholesale may be profitable if
A) people who come in to buy a newspaper often make other purchases also. B) the wholesaler is also losing money. C) there are no substitutes for newspapers available. D) there is about to be a newspaper strike.