Automated teller machines
A) are more costly to use than human tellers, so banks discourage their use by charging more for use of ATMs.
B) cost about the same to use as human tellers in banks, so banks discourage their use by charging more for use of ATMs.
C) cost less than human tellers, so banks may encourage their use by charging less for using ATMs.
D) cost nothing to use, so banks provide their services free of charge.
C
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If Cassie's Coffee House purchases 33 cents worth of ingredients and spends 36 cents on wages per cup of coffee to produce an 89 cent cup of coffee, then Cassie's Coffee House's contribution to GDP is ________ per cup of coffee
A) 20 cents B) 33 cents C) 36 cents D) 56 cents
[NeedAttention]
Exhibit 30-5
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Because capitalism is practiced in the United States, misleading advertising is permitted.
a. true b. false
Opportunity cost exists because
A) resources in this world are scarce. B) prices must adjust to eliminate shortages. C) production could not occur without the opportunity cost of using resources. D) the value of economic goods is positive while the value of goods is zero.