Which of the following items is not a factor of production?
a. labor
b. land
c. capital
d. money
Answer: d. money
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One reason the demand for laptop computers might increase is a
A) decrease in income if laptops are a normal good. B) change in preferences as laptops have become more portable, with faster processors and larger hard drives. C) fall in the price of a laptop computers. D) poor quality performance record for laptop computers. E) fall in price of desktop computers.
The FDIC must take steps to close down banks whose equity capital is less than ________ of assets
A) 4% B) 3% C) 2% D) 1%
A lender of last resort is a financial institution that is willing and able to lend to: a. individuals who have other debts outstanding
b. individuals who do not have a positive net worth. c. banks that are not members of the Federal Reserve System. d. fractional reserve system banks experiencing runs on their deposits. e. Federal Reserve System member banks experiencing runs on their deposits.
A market in which a small number of strategically interdependent firms produce the dominant share of output is called
a. perfect competition b. a monopoly c. monopolistic competition d. regulated e. an oligopoly