The interest rate the Federal Reserve charges banks which borrow reserves at the Federal Reserve's discount window is called the:

A) federal funds rate.
B) discount rate.
C) prime interest rate.
D) mortgage interest rate.


B

Economics

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Perfect competition is efficient because all the following conditions hold except ________

A. total product is maximized B. firms maximize profit and produce on their supply curves C. consumers get a real bargain and pay a price below the value of the good D. firms minimize their average total cost of producing the good

Economics

Examples of incentive pay include

a. commission sales b. providing onsite parking for employees c. cleaning the worksite with weekly janitorial service d. offering a certain number of sick days

Economics

Which of the following is the best example of a private, unregulated monopoly or near-monopoly is:

A. the local post office. B. the local electric company. C. a professional sports team. D. the only large employer in a small town.

Economics

Refer to the graph below for a monopolist in short-run equilibrium. This monopolist has total cost equal to area:




A. CADF
B. 0ADQ
C. ADFC
D. 0CFQ

Economics