Supply chain management is a recent development in organizational structure
Indicate whether the statement is true or false
True
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Compared to the 1973 to 1995 period, average real earnings of workers ________ from 1960 to 1973.
A. grew at about the same rate B. grew more slowly C. grew more rapidly D. declined
Abe can catch 15 pounds of fish an hour or pick 30 pounds of fruit an hour. He works an 8-hour day, spending 5 hours picking fruit and 3 hours catching fish. Calculate Abe's opportunity cost of a pound of fruit
A) 6 minutes B) 3 hours a day C) 2 pounds of fish D) 0.5 pounds of fish
An increase in the money supply, other things being constant
A. causes the price level to increase. B. generates an increase in the demand for money. C. causes the purchasing power of money to increase. D. causes interest rates to rise.
Assuming a legal reserve ratio of 20 percent, how much in excess reserves would this bank have after a check for $10,000 was drawn and cleared against it?
Assume the Continental National Bank's balance statement is as follows:
A. $3,000.
B. $24,000.
C. $6,000.
D. $16,000.