If the desired reserve/deposit ratio equals 0.10, then every dollar of currency in bank reserves supports ________ of deposits and the money supply, while every dollar of currency held by the public contributes ________ to the money supply.

The assumption that the magnitude of the slope of an indifference curve decreases moving to the right along the indifference curve is known as the assumption of

A) the price effect. B) a diminishing marginal rate of substitution. C) an increasing marginal rate of substitution. D) an indifference curve effect.

Serena Williams should pay someone else to mow her lawn instead of mowing it herself, unless

a. Serena has an absolute advantage over everyone else in mowing her lawn. b. Serena has a comparative advantage over everyone else in mowing her lawn. c. Serena's opportunity cost of mowing her lawn is higher than it is for everyone else. d. All of the above are correct.