The struggle among various producers for the consumer's business called ____________ .
a. socialism
b. competition
c. incentive
d. self-regulation
Ans: b. competition
Economics
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If labor and capital are substitutes in production, then an increase in the amount of capital will
a. reduce the total product associated with each quantity of labor. b. decrease the marginal product of labor. c. increase the marginal product of labor. d. have no effect on labor productivity.
Economics
The above table presents the balance sheet of the TBK commercial bank. What is this bank's actual reserve ratio?
A) 50 percent B) 12 percent C) 20 percent D) 17.14 percent
Economics
Refer to the information above. What is the value of net investment in period 5?
A) 17.5 B) 89.25 C) 106.75 D) 612.5
Economics
The Social Security tax is a tax on
a. capital. b. labor. c. land. d. savings.
Economics