The concept of margin, or marginal
A. is central to economics.
B. has little to do with economics.
C. is applied only to a firm's costs.
D. is applied only to a firm's output.
A. is central to economics.
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A bank's net interest margin is
A) total interest income minus total interest expense. B) net interest income as a percent of bank equity. C) net interest income as a percent of total bank assets. D) net interest as a percent of total income.
Since its inception in 1996, the Temporary Assistance for Needy Families (TANF) program has:
A. increased, rather than reduced, the number of people on welfare. B. reduced the number of people on welfare by more than one-half. C. aided the poor by automatically increasing welfare payments when inflation occurs. D. greatly increased the unemployment rate.
Banks can continue to make loans until their
A) actual reserves equal their required reserves. B) excess reserves equal their required reserves. C) actual reserves equal their excess reserves. D) actual reserves equal their checking account balances.
A technological breakthrough in using photons for computers will increase the productivity of those working with computers a hundredfold. You would expect this breakthrough to shift the
A. labor supply curve up, reducing the quantity of labor demanded at any given real wage. B. labor supply curve down, raising the quantity of labor demanded at any given real wage. C. marginal product of labor curve up and to the right, raising the quantity of labor demanded at any given real wage. D. marginal product of labor curve down and to the left, reducing the quantity of labor demanded at any given real wage.