The subject of economics is primarily the study of:
A. the government decision-making process.
B. how to operate a business successfully.
C. decision-making because of the problem of scarcity.
D. how to make money in the stock market.
Answer: C
Economics
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Cyclical deficit (surplus):
What will be an ideal response?
Economics
If a bank has actual reserves of $40,000 and a 20 percent reserve requirement, then the maximum amount of checkable deposits the bank can have if excess reserves are zero is:
A. $200,000. B. $80,000. C. $300,000. D. $20,000.
Economics