An essential function of a central bank is to:

A. collect taxes.
B. control and monitor government budgets.
C. manage the money supply.
D. issue debt.

Answer: C

Economics

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If an insurance company hires a resource in a perfectly competitive resource market and it wants to maximize profit, it will hire where marginal revenue product equals

a. the price of the resource, which equals its marginal resource cost b. the price of the resource, which is greater than its marginal resource cost c. the price of the resource, which is less than its marginal resource cost d. marginal product e. the price of the product

Economics

Absolute advantage is irrelevant, because knowing the absolute number of labor hours required to produce a good does not indicate if a country benefits from trade

a. True b. False Indicate whether the statement is true or false

Economics