What do economists call the per-unit cost of operation?
a. average total cost
b. average fixed cost
c. average variable cost
d. average sunk cost
a. average total cost
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Suppose that you are the president of a small printing company and you are considering the purchase of new machinery. What factors must you consider in making this decision?
What will be an ideal response?
What is meant by the phrase "economic integration?"
What will be an ideal response?
Everything else held constant, in the market for reserves, when the federal funds rate is 5%, lowering the discount rate from 5% to 4%
A) lowers the federal funds rate. B) raises the federal funds rate. C) has no effect on the federal funds rate. D) has an indeterminate effect on the federal funds rate.
Which two sources of revenue comprise most of federal government revenue?
A. Individual income tax and corporate income taxes B. Corporate income taxes and excise taxes C. Corporate income taxes and social security taxes and contributions D. Individual income tax and social security taxes and contributions