For benchmarking, the architecture of other firms should be viewed as
A. substitutes.
B. competitive.
C. empowerment.
D. complements.
Answer: D
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An open market purchase of securities by the Fed
A) increases banks' reserves and decreases banks' securities. B) decreases banks' reserves and increases banks' securities. C) decreases banks' total assets. D) involves a bank purchasing government securities from the Fed.
The term inflation is used to describe a situation in which
a. the overall level of prices in the economy is increasing. b. incomes in the economy are increasing. c. stock-market prices are rising. d. the economy is growing rapidly.
Which of the following is a consequence of extended unemployment?
a. greater output per person b. lost tax revenue c. lower minimum wage d. increased efficiency wage
When you tell your mother, "I'll never be tired of your cooking," you are saying the
A. total utility of her cooking to you is equal to 1. B. total utility of her cooking to you is constant. C. marginal utility of her cooking to you is 0. D. marginal utility of her cooking to you will never be 0.