« 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 66 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?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
The shoulder (or upright) hold. The shoulder (or upright) hold.
Put two tennis balls in a sock, then tie a knot in the end of the sock to hold the balls together. Put two tennis balls in a sock, then tie a knot in the end of the sock to hold the balls together.
Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ... Checking the voltage drop between the TP sensor ground and a good engine ground with the ignition ...
Hold baby’s hands and (A) cross arms over chest and then (B) open out to the sides. Repeat several ... Hold baby’s hands and (A) cross arms over chest and then (B) open out to the sides. Repeat several ...
Ligaments Hold Bones Together at a Joint Ligaments Hold Bones Together at a Joint
Video: Chronology of leptin research (A history of leptin research)

For a complete list of videos, visit our video library