Who is likely to earn a higher income, dentists or dental hygienists, and why?
a. dental hygienists because their education is less costly
b. dentists because their education is less costly
c. dental hygienists because their education is more costly
d. dentists because their education is more costly
e. neither; they usually earn the same wage rate
D
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Assuming initially that the required reserve ratio = 10%, the currency-deposit ratio = 40%, and the excess reserve ratio = 0, an increase in the currency-deposit ratio to 50% causes the M1 money multiplier to ________, everything else held constant
A) increase from 2.5 to 2.8 B) decrease from 2.8 to 2.5 C) increase from 2.33 to 2.8 D) decrease from 2.8 to 2.33
In 2014, which of the following countries had the highest ratio of exports to GDP?
A) Germany B) Netherlands C) Japan D) United States E) Austria