Compared to IACs, LDCs are often characterized by:
a. lower life expectancy. b. lower adult literacy.
c. lower per capita energy consumption. d. All of these.
d
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The above table gives techniques that Fatz confectionery can use to produce 2,000 pounds of candy
If the cost of capital is $20 per unit and the cost of labor is $40 per unit, the economically efficient technique for producing 2000 pounds of candy is A) A. B) B. C) C. D) D.
The economic system that is generally considered to be the most efficient at answering the What to produce and the How to produce questions is the:
a. market economy. b. command economy c. soviet economy. d. traditional economy.
The usual term of office of members of the Board of Governors is
a. 2 years. b. 5 years. c. 7 years. d. 14 years.
The monetary base includes
A. currency, checkable accounts, traveler's checks, small CDs, and money market accounts. B. currency plus checkable accounts and traveler's checks. C. just cash held by the public. D. cash held by banks and by the public plus deposits at the Federal Reserve.