Ceteris paribus, for the owner of a sawmill, lumber and the sawdust that go into particle board are
A. Substitutes in production.
B. Unrelated in the sawmill operator's decision.
C. Complements in production; by-products.
D. None of the choices are correct.
Answer: C
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During the late 1980s and early 1990s, most of the budget deficits were accounted for by
a. the decline of foreign investment in the United States. b. the downturn in the economy. c. deliberate fiscal policy changes. d. All of the above are correct.
A "company town" is one in which:
A. a single company directly regulates and monitors all town activity. B. a single company employs the great majority of people in a town and owns most structures in the town. C. the company directs most town business by assisting local government. D. all employees of a company live within its confines.
Describe the temporary lending facilities that the Fed set up during the Financial Crisis of 2007-2009
What will be an ideal response?
If funds are being loaned from one commercial bank's excess reserves on deposit with the Federal Reserve to another commercial bank's deposit account at the Fed, the transaction is taking place in:
a. the discount market. b. the currency exchange market. c. the federal funds market. d. the open market. e. the reserves market