3) Use the table above: A student has only a few hours to prepare for two different exams. The opportunity cost of scori
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12) When the central bank increases the reserve requirement on deposits: A. the money supply increases and interest rates decrease. B. the money supply decreases and interest rates increase. C. the money supply and interest rates increase. D. the money supply and interest rates decrease.
16) The extent to which a national economy is involved in global trade: A) is not very strongly related to the issue of whether the economy has a substantial trade imbalance. B) is not very strongly related to the underlying economic meaning of trade imbalances. C) is not very strongly related to either a or b above. D) is very strongly related to both a and b above.