marketing services that add "time value" include:
a) transportation
b) processing
c) marketing
d) storage
e) all of the above
d) storage
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Why does the Fed have imperfect control over the money supply?
A. Because the Fed does not know how much reserves will change when it buys or sells securities. B. Because of unpredictable changes in the public’s desire to hold cash and banks’ desires to hold reserves. C. Because of unpredictable changes in reserve requirements. D. Because of the secrecy of FOMC meetings, which lead to policy surprises.
Consider two individuals, Celia and Sondra, who produce bracelets and pendants. Celia's and Sondra's hourly productivity are as follows:
Bracelets /hour Pendants /hour Celia 4 1 Sondra 10 2 Who has the absolute advantage or comparative advantage in the production of bracelets or pendants?
Labor-market discrimination based solely on age is illegal in the United States
a. True b. False Indicate whether the statement is true or false
Toby sells wheat in a perfectly competitive market. The demand curve for Toby's wheat is:
A. horizontal. B. vertical. C. downward sloping. D. U-shaped.