The economies of the Four Tigers are all classified as middle income by the World Bank

Which of the following best describes the three fundamental economic questions?

a. hat to produce, when to produce, and where to produce. b. What time to produce, what place to produce, and how to produce. c. What to produce, when to produce, and for whom to produce d. What to produce, how to produce, and for whom to produce.

On a certain date the banking system had $2 billion in excess reserves. The legally required reserve ratio was 12.5 percent. Potentially, if these funds were fully loaned out, the banking system as a whole could increase the money supply by a maximum of: a. $0.25 billion. b. $2.5 billion

c. $12.5 billion. d. $16 billion