This topic contains a solution. Click here to go to the answer

Author Question: The immediate, direct effect of someone's cashing a check at a commercial bank is A) a decrease ... (Read 88 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
The immediate, direct effect of someone's cashing a check at a commercial bank is
 
  A) a decrease in the stock of money (M1).
  B) an increase in the stock of money (M1).
  C) no change in the stock of money.
  D) unknown until the check casher spends the currency withdrawn from the bank.

Question 2

The opportunity cost of producing one ton of wheat for Country Gamma is 4 tons of corn. The opportunity cost of producing one ton of wheat for Country Beta is 8 tons of corn. Which country has the comparative advantage in the production of wheat?
 
  A) Gamma
  B) Beta
  C) Neither country has a comparative advantage.
  D) Both countries have the comparative advantage.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

kilada

  • Sr. Member
  • ****
  • Posts: 311
Answer to Question 1

C

Answer to Question 2

A




vicky

  • Member
  • Posts: 586
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Thyroid conditions may make getting pregnant impossible.

Did you know?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

For a complete list of videos, visit our video library