The World Bank sorts countries into the following three major groups:
a. high-income economies, middle-income economies, low-spending economies
b. high-spending economies, middle-spending economies, low-spending economies
c. super-high-income economies, middle-income economies, low-income economies
d. high-income economies, middle-income economies, zero-income economies
e. high-income economies, middle-income economies, low-income economies
E
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Bank reserves will increase if which of the following changes occurs, assuming that there are no offsetting changes elsewhere on the Fed's balance sheet?
A) Fed loans decrease B) Currency held by the public increases C) Treasury deposits increase D) The float decreases
Watt Power and Light, an electric company, will suffer an economic loss
a. even at its profit-maximizing output because marginal cost is always less than average cost b. even at its profit-maximizing output because average cost is always less than marginal cost c. if regulators insist that it produce where price equals marginal cost because marginal cost is less than average cost d. if regulators insist that it produce where price equals marginal cost because average cost is always less than marginal cost e. if regulators insist that it produce where price equals average cost because average cost is always less than marginal cost
Other things equal, the supply of labor will be lower to a job that
a. offers less strenuous physical activity b. requires a supervisor to closely monitor employee performance c. allows for flexible work schedules d. offers free room and board e. is exciting due to slightly elevated risk
For consumers, most market activity can be explained by the goal of:
A.) Charitable responsibility. B.) Maximizing income. C.) Profit maximization. D.) Maximizing happiness.