The term "final goods and services" refers to
What will be an ideal response?
goods and services purchased by ultimate users, as opposed to resale or further processing
You might also like to view...
Distinguish between fixed and flexible exchange rate systems
What will be an ideal response?
A firm should hire more labor when the marginal revenue product of labor
A) equals the wage rate. B) exceeds the wage rate. C) is less than the wage rate. D) Any of these can be true. E) None of these are true.
The primary tool of fiscal policy is
a. the money supply. b. the stock market. c. the federal budget. d. regulation of the bond market.
Answer the question based on the following balance sheet for the First National Bank. Assume the reserve ratio is 15 percent:
Refer to the above data. First National Bank can make new loans of up to:
A. $50,000
B. $41,000
C. $32,000
D. $27,000