In the federal funds market, _____
a. banks make loans to the Fed
b. banks make short-term loans to other banks
c. banks make long-term loans to other banks
d. the Fed makes short-term loans to private borrowers
e. the Fed makes long-term loans to commercial banks
b
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One thing that is not true about cooperatives is that they
a. put out raw materials, like wool and cotton, to rural households that turn it into finished products b. pool resources to buy and sell more efficiently c. try to minimize costs d. operate with limited liability of members e. enjoy tax-exempt status
United States’ economic activity is responsible for what percentage of worldwide shipping volume?
a. 20 percent b. 43 percent c. 28 percent d. 50 percent
For a monopoly, the value of the next worker equals
A) MR ? MPL. B) p ? MPL. C) MPL. D) w/MPL.
When an economy's production capacity is expanding:
What will be an ideal response?