Banks historically have used the discount window:
A. sparingly, because it is often seen as a sign of financial trouble for a bank.
B. often, because it provides instant access to needed funds for banks.
C. often, because its low interest rate can serve as a source of profit for banks.
D. only during times of economic boom, when there is a high demand for loans.
A. sparingly, because it is often seen as a sign of financial trouble for a bank.
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Based on the above production data table for Ken's Pizza Parlor, we know that the average product of labor curve begins to decrease after hiring worker ________
A) 1 B) 2 C) 3 D) 4
The Founding Fathers (or Founders) of the United States were
(a) pragmatic reformers, eager to assault slavery whenever political realities permitted. (b) skittish abolitionists, cautiously promoting antislavery under particular circumstances. (c) anti-abolitionists, permitting slaves to be freed only when they would reap a great advantage from emancipation. (d) not concerned with slavery, because for centuries humankind failed to recognize it as a problem.
Under laissez-faire, the allocation of resources among different products depends on
A. consumer preferences. B. production costs. C. Both a and b are correct. D. Neither a nor b is correct.
An improvement in product quality leads to an increase in a firm's value by:
A. reducing labor cost. B. reducing inspection cost. C. reducing the cost of raw materials. D. reducing the opportunity cost of production.