Given a required reserve ratio of 20 percent, a commercial bank that has received a new deposit of $100 can make additional loans of

Suppose that the market price of good X equals the firm's cost of producing that good, but it does not reflect any costs imposed on society. Which of the following is FALSE?

A) The good is priced too low. B) An external benefit is associated with good X. C) Resources are over-allocated in the production of good X. D) Too much of good X is being produced.

A scatter diagram is a way to show the relationship between disposable income and consumer expenditures.

Answer the following statement true (T) or false (F)