Suppose you buy a new Tesla Model S. The battery that comes with the car is a(n)
A. final good.
B. intermediate good.
C. financial good.
D. transfer good.
Answer: B
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When a bank receives a check drawn on an account from another commercial bank, the bank gains
A) capital equal to the amount of the check. B) capital equal to the required reserve ratio times the amount of the check. C) reserves equal to the amount of the check. D) reserves equal to the required reserve ratio times the amount of the check.
If the labor market for doctors is perfectly competitive, then an increase in the demand for doctors is likely to cause:
A. doctors' wages to increase. B. the supply of doctors to fall. C. the working conditions of doctors to deteriorate. D. a persistent shortage of doctors.
Which round of GATT led to the formation of the WTO?
What will be an ideal response?
The first type of labor unions that emerged in the United States were
A) industrial unions. B) craft unions. C) professional unions. D) transportation unions.