Grapevine Bank receives a deposit of $200,000. Its required reserve ratio is 12 percent. How much of this deposit is available to be loaned to borrowers?

Assume that Country X produces two goods-sugar and shoes-and that the country's production possibility curve is "bowed-out." As the country produces more sugar the opportunity cost of sugar in terms of shoes foregone will

A. remain unchanged. B. initially increase and then decrease. C. increase. D. decrease.

What is the best explanation for the fact that the only two political candidates in an election often have very similar stands on the issues during an election?

A. They are logrolling. B. They are behaving according to the median voter rule. C. Democrats and Republicans actually agree on most issues. D. They need to please special interest groups in order to be elected.