A bank is in the position to make loans when required reserves
A. are less than actual reserves.
B. are greater than actual reserves.
C. equal actual reserves.
D. equal excess reserves.
Answer: A
Economics
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When there is a labor union, the labor supply curve is
a. a horizontal line at the desired wage b. positively sloped c. negatively sloped d. a vertical line at the desired level of employment e. backward bending
Economics
Jessica makes photo frames. She spends $5 on the materials for each photo frame. She can create one photo frame in an hour. She earns $10 per hour at a part-time job at the local coffee shop. She can sell a photo frame for $30 each. An accountant would calculate the total cost for one photo frame to be
a. $5. b. $10. c. $15. d. $25.
Economics