The most common type of discount lending that the Fed extends to banks is called
A) seasonal credit.
B) secondary credit.
C) primary credit.
D) installment credit.
C
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How does the price of the final good for which labor is used to produce affect the demand for labor?
What will be an ideal response?
If a subsidy was imposed on an industry whose production imposed external benefits on others, then the goods' consumers of the good would be ____ and the result would be a(n) ____ in efficiency
a. better off; increase. b. better off; decrease. c. worse off; increase. d. worse off; decrease.
Suppose Lydia owns the only lawn-mowing business in the small town of Pleasant Pastures. There are 8 people each week whose lawns she might cut, each with a reservation price given in the accompanying table. Assume that the marginal cost of mowing each lawn is constant and equal to $25. CustomerReservationPriceA$36B$34C$32D$30E$28F$26G$24H$22If Lydia charges the same price to all of her customers, then what price should she charge if she wants to maximize her profit.
A. $32 B. $34 C. $30 D. $26
An In the News article titled "U.S. Winemakers Hurt by Imported Wine" discusses foreign wine sold in the U.S. market. California grape growers' main complaint was that
A. California wineries were not buying domestic grapes but were selling wine and calling it "100% pure American." B. The growing strength of the dollar makes it hard to compete C. The weather had hurt their business. D. The state had removed all subsidies due to the financial crisis that had left the budget in disarray.