In the production of goods and services, trade-offs exist because
A) not all production is efficient.
B) society has only a limited amount of productive resources.
C) buyers and sellers often must negotiate prices.
D) human wants and needs are limited at a particular point in time.
B
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New computer technology has
A) increased the cost of financial innovation. B) increased the demand for financial innovation. C) reduced the cost of financial innovation. D) reduced the demand for financial innovation.
The market in which banks borrow from other banks for short periods of time is the
a. discount market b. federal funds market c. interbank loan market d. national bank market e. liquidity market
If the Fed wishes to increase the money supply, it can:
A. buy a bond from a bank, requiring the bank to hold the money it receives as excess reserves. B. buy bonds from a bank, giving the bank cash in return, which it can then lend out. C. sell a bond to bank, and take the money it receives in exchange out of circulation in the economy. D. sell a bond to a bank, and take the money it receives and lend it out to someone else.
The main goal of any healthcare system, sometimes called the Triple Aim, include all but one of the following.
a. Improve the overall quality of medical care services. b. Control medical care spending to make access more affordable. c. Expand access to medical care. d. Provide universal insurance coverage