The following are impediments to economic growth EXCEPT
A. dead capital.
B. bureaucratic inefficiency.
C. human capital development.
D. lack of economic freedom.
Answer: C
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The interest rate the Federal Reserve charges banks which borrow reserves at the Federal Reserve's discount window is called the:
A) federal funds rate. B) discount rate. C) prime interest rate. D) mortgage interest rate.
Refer to the information below. If the firms compete, what is the equilibrium price in the market?
A small nation has three gasoline suppliers with a linear monthly market demand equal to: Q = 500,000 - 5P. Each firm's marginal cost (MC) and average total cost (ATC) curves are horizontal at $10,000 per month. A) $100,000 B) $500 C) $50,000 D) $10,000
The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise b. employees can easily share information across positions within a division c. employee evaluation is hampered by managers having different skill sets than workers d. coordination across divisions is simple and does not take much management time
Minimum wage legislation
a. has little effect on university professors. b. raises incomes of unskilled laborers who have jobs. c. prevents some willing workers from getting jobs. d. All of the above are true.