The prime rate is the interest rate at which banks can borrow from the Fed.
Answer the following statement true (T) or false (F)
False
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The figure above shows the market for annual influenza immunizations the United States
If the government intervenes in the market and provides a subsidy to providers of immunizations to immunize the efficient number of people, the amount of the subsidy is ________ per person. A) $25 B) $50 C) $35 D) $15 E) $40
In general, pollution is economically inefficient because _____
a. people do not like breathing bad air b. it is a byproduct of a market exchange c. producers are only pursuing their own self-interests d. producers do not have to internalize the opportunity cost of clean air
The "kinked" oligopoly demand curve is a result of the assumption by an oligopolist that:
a. price increases will be matched, but price reductions will not. b. price increases will not be matched, but price reductions will. c. both price increases and price reductions will be matched. d. neither price increases, nor price reductions will be matched.
Two workers are employed in the same job by the same firm; however, they are paid different wage rates. This could be explained by differences in
a. the income effect b. the price of the firm's output c. their marginal products due to differences in ability d. working conditions e. risk