The demand for a productive resource is said to be "derived" because the demand for the factor:
A. Depends on the demand for the product it helps to produce
B. Depends on the demand for a complementary factor
C. Is derived from the state of the economy
D. Is derived from government policy
A. Depends on the demand for the product it helps to produce
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ATMs were developed because of breakthroughs in technology and as a
A) means of avoiding restrictive branching regulations. B) means of avoiding paying interest to corporate customers. C) way of concealing transactions from the SEC. D) increasing the competition from foreign banks.
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point B to Point D, the opportunity cost of motorcycles, measured in terms of hybrid cars,
A. increases B. remains constant. C. initially increases, then decreases. D. decreases.
If the rate of exchange for a pound of $4, the rate of exchange for the dollar is _____ pound.
Fill in the blank(s) with the appropriate word(s).
Federal Reserve policy tools include all of the following EXCEPT
A) desired reserve ratios. B) required reserve ratios. C) the discount rate. D) open market operations.