The interest rate on loans made by banks in the market in which they lend and borrow reserves from each other for very short periods of time is known as the
a. discount rate
b. legal reserve rate
c. federal funds rate
d. open market rate
e. margin rate
C
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Which of the following can be used to diagnose infections by detecting specific antibodies in a patient's serum?
a. DNA fingerprinting b. PCR c. Western blotting d. ELISA e. Western blotting and ELISA
If a person is taxed $100 on an income of $1,000 . taxed $180 on an income of $2,000 . and taxed $220 on an income of $3,000 . this person is paying a:
a. progressive tax. b. poll tax. c. proportional tax. d. regressive tax. e. retro tax.
In an ideal competitive market,
A. excludable goods are minimized. B. there are no depleteable goods. C. external benefits are maximized. D. social surplus is maximized.
What is the opportunity cost of going from point E to point D?
