The majority of banks in the United States are
a. federally chartered and members of the Fed
b. state-chartered banks and members of the Fed
c. savings institutions
d. state-chartered banks and not members of the Fed
e. state-chartered credit unions
D
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Along any single indifference curve the ________
A) consumer is equally satisfied with any of the combinations of goods B) level of current income is unchanged C) level of future income is unchanged D) level of current and future income is unchanged
Microeconomics
A. studies individual decision making. B. studies aggregate behavior. C. cannot be applied too behaviors such as marriage. D. cannot be used to address questions of what ought to be.
Miniville is an isolated town located on the southern shore of Lake Condescending, a very large lake. The western edge of Miniville is adjacent to impassable mountains and there are no towns or businesses for many miles to the east. The 300 residents of Miniville are evenly distributed along 3 miles of shoreline on the lake, east of the mountains. Lake Shore Drive, the only street in town, provides access to Miniville's homes and businesses. All residents live between the lake and the street; businesses locate on the other side of the street. Lake Shore Drive is 3 miles long, and the points labeled A, B, and C are 1, 2, and 3 miles from the western end of Lake Shore Drive, respectively. All residents of Miniville shop at the store located closest to their homes. src="https://sciemce.com/media/4/ppg__1420829190927__f1q535g1.jpg" alt="" style="vertical-align: 0.0px;" height="113" width="397" />If the first store to open in Miniville is located at A, to maximize the number of customers it attracts, the next store to open should locate:
A. just west of A.
B. just east of A.
C. at C.
D. at B.
Business firms supply goods and services to ________ and purchase factors of production in ________.
A. factor markets; product markets B. factor markets; national markets C. product markets; factor markets D. national markets; factor markets