If the Federal Reserve sets a required reserve ratio of 0.2 and a bank has $100 million in loans and $80 million in deposits, what is the level of required reserves for the bank?

A country with a comparative advantage in the production of a good will ________ production of the good and ________

A) increase; import the good B) not change; import the good C) decrease; export the good D) decrease; import the good E) increase; export the good

The income elasticity of demand for movies in the United States is 3.41. If people's incomes decrease by 1 percent, what is the decrease in the quantity of movies demanded?

What will be an ideal response?