Moving between two points on a PPF, a country gains 8 desktop computers and forgoes 4 laptop computers. The opportunity cost of 1 desktop computer is

A) 4 laptops.
B) 1/2 of a lapto

B

Economics

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What would happen to the availability of credit if banks chose to either increase or decrease the percentage of deposits they hold as reserves?

What will be an ideal response?

Economics

Which of the following evidence does not support the expected utility theory?

A) People assign disproportionately high weights to rare events. B) Risk-averse people do not engage in fair bets. C) Risk-loving people do not purchase insurance policies. D) Risk-neutral people engage in fair bets.

Economics