The cost to a member bank of borrowing from the Federal Reserve is called the:
A. reserve requirement.
B. price of securities in the open market.
C. discount rate.
D. yield on government bonds.
Answer: C
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In the above table, if the marginal factor cost is $48, how many workers would be hired?
A) 3 B) 4 C) 5 D) 6
The Widgetville County Wolfpack has won 90 percent of their last 20 games played under a full moon. This means:
A. the weather affects how they play. B. there is a positive correlation between their play and the occurrence of a full moon. C. that full moons cause the team to play better. D. that causation can be found between the two events.
What would the Bank of England (England's Central Bank) do to raise the value of the British pound in terms of the euro?
a. It would simply announce its desired exchange rate for the British Pound, and the market forces of supply and demand would do the rest. No further action would be necessary. b. It has no influence over the pound exchange rate. c. It would buy British pounds and supply euros in the foreign exchange market. d. It would buy euros and supply British pounds in the foreign exchange market. e. It would sell dollars and buy euros.
What is the coordination problem in command economics?
Please provide the best answer for the statement.