If the reserve ratio is 12.5 percent, then $1,000 of additional reserves can create up to

One thing that the Asian Tigers did to become extremely successful was to

a. build an expert workforce by paying well for highly skilled labor. b. create industries to serve domestic markets. c. integrate with wealthy international markets. d. put more emphasis on self-reliance.

Which of the following causes the production possibilities curve to shift to the right?

a. d and e. b. c and e. c. A war. d. The development of a new technology that improves productivity. e. The discovery of oil reserves.