Which of the following is the most likely result from an increase in a country's government budget surplus?
a. higher interest rates
b. lower imports
c. lower net capital outflows
d. lower domestic investment
b
Economics
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Trent decides to spend an hour playing basketball rather than studying. His opportunity cost is: a. nothing because he enjoys playing basketball more than studying
b. the foregone benefit to his grades from studying for an hour. c. the increase in skill he obtains from playing basketball for that hour. d. nothing because he had a free pass into the sports complex to play basketball.
Economics
If the required reserve ratio is 0.2, and a bank has $100 million in demand deposits and $40 million in property and buildings, it must hold reserves of at least
a. $28 million b. $20 million c. $26 million d. $12 million e. $8 million
Economics