Author Question: If you hold 25 in cash, have 150 in a checking account, and have 250 in a savings account, how much ... (Read 107 times)

OSWALD

  • Hero Member
  • *****
  • Posts: 580
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
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


 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Always store hazardous household chemicals in their original containers out of reach of children. These include bleach, paint, strippers and products containing turpentine, garden chemicals, oven cleaners, fondue fuels, nail polish, and nail polish remover.

For a complete list of videos, visit our video library