Which of the following types of financial institutions is required to belong to the Federal Reserve System?
A. national banks
B. state-chartered banks
C. savings and loan institutions
D. credit unions
Answer: A
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If a firm’s average cost is currently $100, and the marginal cost is $95, then the average cost is currently falling.
Answer the following statement true (T) or false (F)
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to fall. b. M2 money supply to fall. c. M2 money multiplier to remain the same. d. M2 money multiplier to fall.
Table 31.1Wage rate (dollars per hour)Labor demanded (workers)Total labor cost(dollars per hour)Marginal Wage (dollars per worker)$260________---222________________184________________146________________108________________Table 31.1 shows the number of workers a firm is willing to hire per hour at different wage rates. Complete the table by computing the total wage bill (total labor cost) and the marginal wage. Which of the following wages, in Table 31.1, would allow the most workers to be hired?
A. $14 per hour. B. $10 per hour. C. $22 per hour. D. $18 per hour.
A ballet performance had many empty seats. This implies that the
A. Price of the tickets must have been above the equilibrium price. B. Price of the tickets must have been very low because of the low demand. C. Hall where the performance was being held was very large. D. Ballet group was not very well known.