« previous next »

Author Question: If you hold 25 in cash, have 150 in a checking account, and have 250 in a savings account, how much ... (Read 118 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
on: Jun 29, 2018
If you hold 25 in cash, have 150 in a checking account, and have 250 in a savings account, how much of M2 do you have?
 
  What will be an ideal response?

Question 2

Explain the connection between opportunity cost and the PPF.
 
  What will be an ideal response?


flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #1 on: Jun 29, 2018
Answer to Question 1

All of the assets mentioned are included in M2, so you have 25 + 150 + 250 = 425 of M2.

Answer to Question 2

When moving along the production possibilities frontier, more of one good or service can be obtained only by giving up another good or service. The good or service given up is the opportunity cost of the good or service obtained.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

OSWALD

  • Hero Member
  • *****
  • Posts: 580
Reply #2 on: Jun 29, 2018
Correct answers!


flexer1n1

  • Sr. Member
  • ****
  • Posts: 373
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Apply thumb strokes on palm of hand and fingers. Hold the baby’s hand palm up and use thumbs to ... Apply thumb strokes on palm of hand and fingers. Hold the baby’s hand palm up and use thumbs to ...
Traction neck with head in neutral position. With recipient’s face directly up, hold head at ... Traction neck with head in neutral position. With recipient’s face directly up, hold head at ...
Clear the cisterna chyli. Instruct the recipient to take in a deep diaphragmatic breath and hold it ... Clear the cisterna chyli. Instruct the recipient to take in a deep diaphragmatic breath and hold it ...
The Hazardous Materials Identification System is used to label containers that hold hazardous ... The Hazardous Materials Identification System is used to label containers that hold hazardous ...
Christian Löffler - Versailles (Hold) Christian Löffler - Versailles (Hold)
If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ... If you are able to earn 6.2% compounded semi-annually in an account, how long will it take for ...
Video: Phlebotomy

For a complete list of videos, visit our video library