The Federal Reserve surveys lending officers regularly to:
A. get a feel for the supply and demand for loans.
B. determine the interest rates they charge.
C. get a feel for the quantity and quality of loans.
D. all of the answers given are correct.
Answer: D
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Production processes in developing countries tend to be
a. labor intensive b. capital intensive c. highly automated d. market oriented e. none of the above
Stephen Moreno reported to the government interviewer that he worked 40 hours last week as a stocker at a Target department store. He is:
a. a member of the civilian labor force who is employed. b. a member of the civilian labor force who is unemployed. c. a member of the civilian labor force who is underemployed. d. a discouraged worker who is not a member of the labor force. e. not a member of the labor force.
Economists believe having higher prices for scarcer resources promotes efficiency
a. True b. False Indicate whether the statement is true or false
Exhibit 8-12 Marginal revenue and cost per unit curves
As shown in Exhibit 8-12, if the price is OD, the firm's total revenue at its most profitable level of output is:
A. OZID. B. OYHD. C. OXLD. D. OYFB.