The interest rate the Fed charges for secondary credit is:
A. above the primary discount rate.
B. equal to the primary discount rate.
C. below the market federal funds rate.
D. below the primary discount rate.
Answer: A
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The typical relationship between a worker's productivity and the worker's wage rate is
A) high productivity workers receive low wage rates. B) low productivity workers receive low wage rates. C) no link between productivity and wages earned. D) high productivity workers find that their jobs are often outsourced. E) that workers with high productivity need to have their high wages protected by tariffs.
Countries in which wages adjust rapidly to changes in the supply and demand for labor are likely to have ________ sacrifice ratio
A) an infinite B) a high C) a low D) a negative
You've purchased a car for $20,000 and now are deciding whether to have a sunroof installed for $800 and a security system installed for $200. The marginal cost of adding both the sunroof and the security system is:
A. $800. B. $1,000. C. $20,000. D. $21,200.
Following World War I and World War II, the United States had a
A. small trade deficit. B. large trade deficit. C. small trade surplus. D. large trade surplus.