The table above shows four methods for producing 10 computer desks a day. If the cost of a worker is $50 a day and the cost of capital is $150 a day, ________ economically efficient
A) method A is
B) method B is
C) method D is
D) method A or C is
C
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Compared to a system of fixed exchange rates, currency unions are beneficial because they
A) allow exchange rates to float. B) allow every country to have an independent monetary policy. C) reduce the costs of trading goods and assets. D) restrict what countries can do with fiscal policy.
The financial deregulation and financial innovations of the 1970s and 1980s
A) stabilized money demand. B) stabilized velocity. C) destabilized velocity. D) A and C.
A cooperative, or "co-op" for short, is a single-owner firm
a. True b. False
Which of the following policy actions by the Fed would cause the money supply to decrease?
a. An open market purchase of government securities. b. A decrease in required reserve ratios. c. A decrease in the discount rate. d. An open-market sale of government securities.