How does marriage fall within the scope of microeconomics?
What will be an ideal response?
Marriage involves choice and the allocation of scarce resources (namely, spouses with desirable characteristics). Marrying an individual involves a number of trade-offs, including giving up the opportunity to marry a different individual at the same time, and is therefore subject to a cost-benefit analysis.
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When Grayce deposits $4,000 cash in her checkable deposit at the Beach Bank and the Beach Bank's excess reserves increase by $3,600, the desired reserve ratio is
A) 5 percent. B) 90 percent. C) 10 percent. D) 15 percent. E) $400.
Of the following, who is harmed by a tariff?
A) domestic buyers of the good or service B) the overall domestic economy C) the foreign exporter of the good or service D) domestic producers of the good or service E) Both answers A and B are correct.