A time deposit with a fixed maturity date offered by banks is called a
A. savings deposit.
B. checking account.
C. corporate bond.
D. small-denomination certificate of deposit.
Answer: D
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An equation that captures how inputs of production are related to output is called a:
A. consumption function. B. GDP deflator. C. production function. D. saving function
Labor demand is more elastic
A. the greater is labor's share in total costs. B. the greater is the elasticity of substitution between labor and capital. C. the greater is the supply elasticity of capital. D. the greater is the elasticity of demand for the firm's output. E. All of the statements are correct.
In much of Europe, the legal age to obtain a driver's license is 18. If the legal driving age in the United States was changed to 18, how would this affect the market for new automobiles? The market for automobile insurance?
What will be an ideal response?
If a senior manager wishes to see her proposal win support, then she should:
A. likely to design a proposal that can be modified easily. B. design a proposal that will yield high returns if successful. C. wait for the CEO to change the organizational architecture. D. wait for the senior management to ask for her proposal.