Hit-It produces 320 baseball bats per day using 2 workers who each work 8 hours per day. What is Hit-It's productivity?
a. 320 baseball bats
b. 160 baseball bats per hour
c. 20 baseball bats per hour
d. None of the above is correct.
c
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Quotas usually lead to larger deadweight losses than tariffs
Indicate whether the statement is true or false
Describe the automatic stabilizers that are lost to a country that fixes its exchange rate to another currency.
What will be an ideal response?
Economic indexes whose upward and downward turning points generally precede the peaks and troughs of general business activity are known as
a. causal indicators. b. leading indicators. c. roughly preceding indicators. d. primary indicators.
Which of the following situations is an example of bank mismanagement?
a. Bank W decreasing its rate of interest below the rate set by the Fed to attract more borrowers b. Bank X charging high fees on the processing of loans and checks c. Bank Y refusing loans to all clients who have an asset value below 25,000 d. Bank Z providing loans only to large corporate houses with a high net worth