A commercial bank can receive a loan from another commercial bank in the
A) federal funds market.
B) bank loan market.
C) Fed market.
D) discount market.
A
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The amount of unemployment caused by efficiency wages:
A. has been measured by economists to be minimal. B. has been found to be quite large in markets that have mostly minimum-wage workers. C. is larger in sectors that have more less-skilled workers in them. D. has little conclusive evidence in economic research.
One protection that encouraged entrepreneurs in the U.S. was the enforceability of contracts by the courts
a. True b. False Indicate whether the statement is true or false
Which of the following is true of a monopoly? a. Consumers fare better under a monopoly than under perfect competition. b. The output produced by a monopoly is allocatively efficient
c. Producer surplus is higher under monopoly than under perfect competition. d. The deadweight loss caused by a monopoly market structure is zero.
Government spending in the national income accounts refers only to expenditures at the federal level.
Answer the following statement true (T) or false (F)