The United States can use all its resources to produce 250 DVDs or 500 shoes. China can use all of its resources to produce 30 DVDs or 300 shoes. The opportunity cost of producing a DVD in the United States is
A) 500 shoes. B) 1 DVD. C) 1/2 of a shoe. D) 20 shoes. E) 2 shoes.
Question 2
If the required reserve ratio is 15 percent, there is no currency drain, and banks loan all of their excess reserves, an increase in the monetary base of 20,000 leads to a total increase in the quantity of money of
A) 200,000. B) 133,333. C) 3,000. D) 20,000. E) 300,000.
Cave in China
The Three Gorges Dam in China
Generally, the total tax burden in the United States is much lower than that of other industrialize
Photographer unknown, Man with Big Shoes.
Power in the United States: The Model Proposed by C. Wright Mills
Approximately 40 percent of farmers in the United States are 55 years old or older