In the above figure, the average variable cost curve is curve
A) A.
B) B.
C) C.
D) D.
C
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Which of the following is likely to happen if the quantity of bank reserves held at the Fed increases?
A) The stock of money in the economy increases. B) The number of loans issued by banks decrease. C) Bank deposits decrease. D) The real interest rate increases.
Value and price can be compared by noting that
A) they are the same thing. B) value is always greater than price. C) value is what we must pay, while price is what we are willing to pay. D) price is what we must pay, and value is what we are willing to pay. E) value is what the seller receives when we buy a good, and price is what we must pay when we buy a good.
A market economy cannot produce a socially desirable outcome because individuals are motivated by their own selfish interests
a. True b. False Indicate whether the statement is true or false
Savings refers to ______.
a. the rate at which you regularly put away money for use in the future b. how much you have accumulated at a particular moment in time c. the amount you earn from an investment, such as a stock or bond d. the portion of a company’s income that is used to grow the company