Fred's demand schedule for movie DVDs is as follows: At $60, he would buy 1; at $50, he would buy two; at $30, he would buy 3; and at $20, he would buy 4 . If the price of movie DVDs equals $40, the consumer surplus Fred receives from purchasing movie DVDs would be:
a. $20

The opportunity cost of any decision is the forgone value of the next best alternative that is not chosen

a. True b. False Indicate whether the statement is true or false

In a system of 100-percent-reserve banking,

a. banks do not make loans. b. currency is the only form of money. c. deposits are banks' only assets. d. All of the above are correct.