Which of the following types of interest rates change daily?
A. the prime rate
B. the federal funds rate
C. the corporate rate
D. the discount rate
Answer: B
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The figure shows the demand for and costs of producing Charlene's Chocolates. If Charlene's Chocolates is a monopoly and charges one price to all customers, then the consumer surplus is ________
A) $400 B) $900 C) $0 D) $200
Which of the following is not an implicit cost?
A) wages B) opportunity cost of using an owner's savings C) owner-provided capital D) owner-provided labor
The concept of economic efficiency refers to the size of the "economic pie" whereas the concept of equality refers to how the "pie" is distributed
a. True b. False Indicate whether the statement is true or false
What is the relationship between the slope of the budget line and the notion of opportunity cost?
What will be an ideal response?