When a bank accepts a checkable deposit from a customer, its deposits will increase and its excess reserves will:
A. Increase by the same amount as deposits
B. Increase by less than the deposits
C. Increase by more than the deposits
D. Decrease
B. Increase by less than the deposits
Economics
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Mexico has lower wages than the United States. Does this necessarily mean that it will have a comparative advantage in the production of everything compared to the United States?
What will be an ideal response?
Economics
The absolute value of the slope of an isocost line equals the ratio of
A) the marginal productivities of the two inputs. B) the prices of the two inputs. C) the quantities of the two inputs. D) the marginal utilities of the two inputs.
Economics