« previous next »

Author Question: Which of the following will lead to a change in the opportunity cost of buying a pen and a pencil? ... (Read 70 times)

jrubin

  • Hero Member
  • *****
  • Posts: 552
on: Jun 29, 2018
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
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

jrubin

  • Hero Member
  • *****
  • Posts: 552
Reply #2 on: Jun 29, 2018
Thank you


Juro

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 29, 2018
No problemo


« previous next »
 

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

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.

Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ... Religion can promote social change, as was evident in the U.S. civil rights movement. Dr. Martin ...
Change in air temperature at various air flow rates for a 7 pass operation Change in air temperature at various air flow rates for a 7 pass operation
Carbon Dioxide, Trace Gases, and Climate Change Carbon Dioxide, Trace Gases, and Climate Change
Climate change is an important vector for human diseases Climate change is an important vector for human diseases
When operating your own business, it is wise to know your cost of capital and that of the ... When operating your own business, it is wise to know your cost of capital and that of the ...
Change in the frequency of a lethal recessive allele, a Change in the frequency of a lethal recessive allele, a
Video: T cell receptors

For a complete list of videos, visit our video library