Which of the following has led to reduced use of ATMs?
A) some banks closing branches in low-income neighborhoods
B) some banks charging fees for transactions performed by tellers that could be done by ATMs
C) increased use of debit card transactions
D) reductions in fees for overdrafts
C
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Refer to the scenario above. The market for Good A in Eduland is an example of a ________
A) monopoly B) duopoly C) monopolistic competition D) perfect competition
If a firm takes the wage as given, then the firm's marginal expenditure on labor curve is
A) above the labor supply curve. B) below the labor supply curve. C) the same as the labor supply curve. D) upward sloping.
Prospective sunk costs
A) are relevant to economic decision-making. B) are considered as investment decisions. C) rise as output rises. D) do not occur when output equals zero.
When negative externalities are present in a market, it means that:
A. private costs are less than social costs. B. private costs are less than external costs. C. social costs are less than external costs. D. external costs are equal to social costs.