What's another word for "marginal"?
A) Phenomenal
B) Additional
C) Sentimental
D) Detrimental
E) Magical
B
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Which of the following will tend to decrease the excess reserves of the commercial banking system? a. The central bank buys bonds from the public
b. The central bank sells bonds to a commercial bank. c. The central bank reduces its discount rate. d. The central bank decreases the required reserve ratio.
Exhibit 2-6 Production possibilities curve data A B C D E F Capital goods150 140 120 90 50 0 Consumer goods 0 20 40 60 80 100 In Exhibit 2-6, the concept of increasing opportunity costs is represented by the fact that:
A. the quantity of capital goods produced must be less than 150. B. the quantity of consumer goods is constant for each change in the quantity of capital goods produced. C. greater amounts of capital goods must be sacrificed to produce each additional unit of consumer goods. D. the amount of consumer goods produced must be greater than zero.
The demand curve for labor of a monopolist
A) is horizontal even though the demand curve for labor for a competitive firm is downward sloping. B) slopes down for the same reason as the demand curve for labor of a perfectly competitive firm. C) slopes down because of the law of diminishing marginal product and because the monopolist must lower prices to sell additional units of the good. D) slopes upward because monopolists use more capital than do perfectly competitive firms.
Role models, company folklore, and rituals are
A. the key components of a barter economy. B. the key components of corporate culture. C. not considered in an economic analysis of organizational architecture. D. not parts of most companies' corporate culture.