The interest rate at which the Federal Reserve Banks lend to commercial banks is called the:
A. prime rate.
B. short-term rate.
C. discount rate.
D. federal funds rate.
C. discount rate.
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Based on Figure 3.1, it can be inferred that:
A) Alvin does not consider good X as "good." B) Alvin will never purchase any of good Y. C) Alvin regards good X and good Y as perfect substitutes. D) Alvin regards good X and good Y as perfect complements. E) none of the above
Assume both the demand for beef and the supply of beef decrease. Which of the following outcomes is certain to occur?
A. The equilibrium quantity of beef will rise. B. The equilibrium quantity of beef will fall. C. The equilibrium price of beef will fall. D. The equilibrium price of beef will rise.
Given the same price elasticity of supply, sellers would be able to pass along the largest portion of a 10 percent tax on which item?
A. D.Fish with a price elasticity of demand of 0.12 B. Pork with a price elasticity of demand of 0.73 C. Beef with a price elasticity of demand of 0.62 D. Chicken with a price elasticity of demand of 0.32
When a home builder decides to computerize all of its production schedules, it directly answers the ________ question
A) why B) what C) where D) for whom E) how