When referring to "marginal" changes, the economic focus is on
A) changes which affect only a few people or products.
B) large changes on the low end.
C) small or incremental changes.
D) graduated changes on the high end.
C
Economics
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The percentage of a bank's total deposits held in reserves, either as cash in the vault or as deposits at the local Federal Reserve bank, is:
a) the reserve ratio. b) the reserve requirement. c) excess reserves. d) the money ratio.
Economics
In Connecticut, the apple market is perfectly competitive. Suppose that consumer tastes change so that the market demand for apples increases. In that case, the demand curves faced by individual firms will
a. not change b. become less elastic c. shift upward d. shift leftward e. shift downward
Economics