A deposit in a financial institution that requires notice of intent to withdraw is a
A. time deposit.
B. money market deposit account.
C. savings deposit.
D. security deposit.
Answer: A
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What is the shape of a perfectly elastic demand curve? Explain its significance for a seller.
What will be an ideal response?
In practice, regulatory boards try to set the price of a natural monopoly so that price covers a normal return on capital investment. As a result:
A. there is an incentive to use more equipment. B. the price of equipment should decrease. C. there is an incentive to use less equipment. D. the incentive to use equipment stays the same.
If an economy is being "productively efficient," then that means the economy is:
A. Producing the products most wanted by society B. Fully employing all economic resources C. Maximizing the returns to factors of production D. Using the least costly production techniques
Refer to the data provided in Table 10.1 below to answer the following question(s).
Table 10.1 
Refer to Table 10.1. The marginal revenue product of the fifth worker is
A. $15. B. $75. C. $90. D. $550.