Which of the following statements about economic resources is true?
A) Economic resources include financial capital and money.
B) All economic resources are man-made.
C) Economic resources are also called factors of production.
D) Economic resources are used only by businesses.
C
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The most common type of discount lending, ________ credit loans, are intended to help healthy banks with short-term liquidity problems that often result from temporary deposit outflows
A) secondary B) primary C) temporary D) seasonal
Assume the market in the graph shown with demand D and supply S1 is in equilibrium at a quantity of 5 units. Producer surplus is:
A. $5.
B. $10.
C. $15.
D. $7.50.
For a kinked demand curve, the marginal revenue curve is:
a. positively sloped. b. a horizontal line. c. a vertical line. d. discontinuous. e. above the demand curve.
If ability is positively related to schooling, then estimating the returns to education directly from the wage-schooling profile will likely
A. overestimate the average wage. B. underestimate the average discount rate. C. underestimate the return to schooling. D. overestimate the return to schooling. E. underestimate the average wage.