Refer to Scenario 16.3. What is Sam's marginal rate of substitution of tee shirts for candy at the current distribution?
A) 2.
B) 7/5.
C) 5/7.
D) It is impossible to determine without the prices of each commodity.
B
Economics
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Which of the following would be represented as a debit in the U.S. balance of payments?
a. U.S. purchase of cars from Italy b. U.S. sale of beef to Israel c. U.S. government receives transfers from foreign governments to support U.S. expenses incurred in Europe d. U.S. residents receive gifts of money from friends abroad e. income received by U.S. resident from overseas investment
Economics
The Fed's response to the financial crisis of 2007 and 2008 was to
A. raise the reserve requirement. B. raise the federal funds rate. C. encourage discount window borrowing. D. reduce taxes on financial institutions.
Economics