The ratio of actual reserves to total deposits at the Fed and vault cash is called
A. a certificate of deposit.
B. the gold reserve.
C. fractional reserve banking.
D. the fractional reserve ratio.
D. the fractional reserve ratio.
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Which of the following is an example of a sunk cost?
A) The cost incurred in painting a new office space B) The wage paid to workers in a mill C) The cost of raw materials used in a factory D) The cost of electricity used in the office
In the short run, the point at which diminishing marginal returns to labor begin is the point at which the marginal cost curve
A) peaks. B) bottoms out. C) is upward sloping. D) is downward sloping.
The term "linear" in a multiple linear regression model means that the equation is linear in parameters.
Answer the following statement true (T) or false (F)
There are outputs for which ________ costs exceed ________ costs in the short run.
A) total fixed; total B) average variable; average total C) total variable; total D) average total; average variable