Author Question: Which of the following will lead to a change in the opportunity cost of buying a pen and a pencil? ... (Read 29 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
Which of the following will lead to a change in the opportunity cost of buying a pen and a pencil?
 
  A) An increase in the consumer's income
  B) A decrease in the consumer's income
  C) A twofold increase in the prices of both pens and pencils
  D) A twofold increase in the price of pens and a threefold increase in the price of pencils

Question 2

If the currency drain ratio is 30 percent and the desired reserve ratio is 10 percent, the money multiplier is
 
  A) 0.80.
  B) 1.25.
  C) 3.25.
  D) 5.00.
  E) 10.0.



Juro

  • Sr. Member
  • ****
  • Posts: 337
Answer to Question 1

D

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library