Projecting that it might temporarily fall short of legally required reserves in the coming days, the Bank of Beano decides to borrow money from its regional Federal Reserve Bank. The interest rate on the loan is called the:
A. prime rate.
B. federal funds rate.
C. Treasury bill rate.
D. discount rate.
D. discount rate.
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Which of the following is TRUE?
A) Generally, the lower the country's average income, the less administrative, scientific, and technical capacity it has to design and enforce standards. B) National priorities do not change as income changes—countries of all income levels seem to share the same priorities and values. C) Differences in income are always an obstacle to the harmonization of standards. D) The adoption of a common set of rules usually narrows the market and raises prices.
Marginal product measures the change in:
a. total cost brought about by changing production by one unit. b. product price brought about by changing production by one unit. c. a firm's revenue brought about by changing production by one unit. d. the firm's output brought about by employing one additional unit of input. e. the firm's profit brought about by employing one more input.
"Because of unseasonable cold weather, much of the peach crop has been destroyed." This statement indicates that the:
A. price of peaches will fall. B. quantity of peaches that will be available at any given price has decreased. C. demand for peaches will shift to the left. D. quantity of peaches that will be available at any given price have increased.
With respect to local finance, it is correct to say that
A. Sales and excise taxes are the major source of revenue and highway construction and maintenance the major type of expenditure. B. Property taxes are the basic source of revenue and education the major type of expenditure. C. The corporate income tax is the major source of revenue and natural resource development the major type of expenditure. D. Estate and gift taxes are the major source of revenue and most expenditures are for hospitals and health services.