Table 13-1 ABC Bank Balance Sheet Assets Liabilities Reserves $25,000 Desired $20,000 Excess 5,000 Loans 75,000 Total Assets $100,000 Total Liabilities $100,000 Demand Deposits $100,000 Assume a 20% desired reserve ratio. In Table 13-1, suppose that $10,000 in new deposits is received by the bank. If there were no other changes in the balance sheet, then the bank would be in a OA $10,000 OB. $13.000 OC. $7,000 OD. $15,000

Q: normative economics define and give example

A: Normative economics: - Normative economics is that branch of economics that passes value judgments…

Q: In your own words, what does "economics" actually mean? What are some of the different schools of…

A: The study of economics examines how societies make use of scarce resources to produce valuable goods…

Q: what is the difference between a positive statement and a normative statement?

A: According to economists, there are two types of activities within an economy. On the one side, there…

Q: What does mean economics wants. Give Some examples?

A: All wants that can be satisfied by goods or services produced of any kind is knows as economics…

Q: What are the two major economic problems in economics

A: Economics is the study of allocation of limited resources. The fundamental economic problem is about…

Q: I need to find a normative statement on an economic issue from a politician or political action…

A: Positive and normative economics have differing perspectives on economic problems. Positive…

Q: Would a good economic model be more likely to address a positive statement or a normative statement?…

A:

Q: A summary of The Four Factors of Production?

A: The four factors of production are land, labor, capital and entrepreneurship. These are the…

Q: a. The minimum wage creates unemployment among young and unskilled workers.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: WHO IS THE FATHER OF THE MODERN ECONOMICS

A: Economics is the study of social activities in which people interact with each other to make…

Q: what is modern economics

A: In an economy, the study of interaction among people for the purpose of buying and selling…

Q: Explain the nature of economics your own words, the explanation should be different from other…

A:

Q: Why Economics is imporant for ordinary people to know who doesn't have any background about it?

A: The wants and desires of the individuals are unlimited. The resources to satisfy these wants are…

Q: Base on your understanding illustrate what is economics

A: Similar, to other social branches of social studies, such as politics, geography, and history,…

Q: Which three key questions do economists try to answer?

A: Economists try to solve various problems existing in the economy.

Q: What are three basic economic questions?

A: Economics is the subject that studies how to allocate the limited resource between the unlimited…

Q: List the four factors of production

A: Factors of production are the economic inputs utilised to generate profits. Land, labor, capital,…

Q: What is economics and why is it a relevant subject?

A: Economics is the study of putting the scarce resources to the best possible use that would increase…

Q: What does a normative statement describe?    A. how the world will be in the future  B. how the…

A: A normative statement is an ideological, prescriptive, and judgmental statement. It sets a standard…

Q: What is economics as a social science

A: Economics is the study of how the scarce resources of society are exploited. Economics is a social…

Q: give 10 economic issues

A: Economic issues refer to those problems which are faced by the entire economy due to some economic…

Q: Define positive and normative statements and give four examples of each.

A: Economics is a social science that is responsible for generating theories in addition to studying…

Q: Why economics is a relevant subject, and why it's important?

A: Economics is an important subject for individuals, societies, governments, businesses and…

Q: what are the four structures in  economics

A: In economics, market structure refers to how different industries are classed and distinguished…