What does a bank do with the money that you deposit?
A. Banks use the money for ordinary business expenses like paying employees.
B. Banks keep your money in a vault in case you return to withdraw it.
C. Banks lend most of the money to people who want to borrow.
D. Banks use the money to purchase assets like gold and other precious metals.
Ans: C. Banks lend most of the money to people who want to borrow.
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Refer to the above table. Amy's utility schedule shows
a. increasing marginal utility throughout the entire schedule.
b. initially increasing marginal utility and then decreasing marginal utility.
c. initially decreasing marginal utility and then increasing marginal utility.
d. diminishing marginal utility throughout the entire schedule.
Frederick Taylor
a. studied the movements of workers as they performed job tasks. b. advocated the use of incentives for superior performance. c. carried on experiments to determine the optimum size and weight of tools. d. developed principles pertaining to the correct routing of work and accurate scheduling of production orders. e. All of the above.
To keep employees from shirking, invest in greater monitoring
a. when monitoring is expensive relative to its benefits b. especially when monitoring is efficient c. when employees respond well to incentive contracts d. when incentives solve both moral hazard and adverse selection problems with employees
A productive efficient society
A) produces at a point on its PPF. B) can produce more of one good only by giving up some of another good. C) cannot produce unlimited amounts of a good. D) still has to make choices. E) all of the above