________ wrote the Wealth of Nations.
A. Adam Smith
B. David Ricardo
C. Paul Samuelson
D. Karl Marx
Answer: A
Economics
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Refer to the table below. Given that an individual's opportunity cost of time is $30 per hour, which of the two apartments should she rent?
Apartment Monthly Commuting Time (Hours) Monthly Rent ($) 1 60 3,600 2 20 4,500 What will be an ideal response?
Economics
Suppose that the Federal Reserve issued bonds in the amount of $45 million and the reserve requirement was 10%, what would be the resulting change to the money stock?
A) $45 million B) $450 million C) $4.5 million D) The bond issuance would not impact the money stock only the monetary base.
Economics