A ______ market is one in which a number of buyers and sellers are offering similar products, and no single buyer or seller can influence the market price.
a. bullish
b. command
c. competitive
d. regulated
c. competitive
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The interest rate on unsecured loans between banks is called the
A) discount rate. B) repurchase rate. C) T-bill rate. D) federal funds rate.
Which of the following are the two categories of investment measured in the expenditure approach?
a. durable investment; nondurable investment b. fixed investment; inventory investment c. capital investment; noncapital investment d. gross investment; net investment
A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 per wash, and the price of workers is $60 per day. The car wash should hire a fifth worker if it would increase total production to at least:
A. 92 cars per day. B. 100 cars per day. C. 104 cars per day. D. 110 cars per day.
"The number of species on earth is decreasing drastically and economic development is the main factor for the problem." Do you agree or disagree? Why?
What will be an ideal response?