In economics, scarcity refers to the situation of:
A) optimizing with the use of limited information.
B) having more wants than the amount of available resources.
C) rationing of available goods and services by the government.
D) sellers setting the prices of their products too high for people to be able to afford them.
B
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Average variable cost is
a. total cost minus fixed cost b. total variable cost divided by the quantity of output c. total cost plus marginal cost d. total cost per unit of output e. output divided by the quantity of inputs used
Which of the following programs provides loans of U.S. securities to primary dealers for one- month terms, in an effort to enhance liquidity in U.S. securities markets?
A. Primary Dealer Credit Facility. B. Commercial Paper Funding Facility. C. Term Asset-Backed Securities Loan Facility. D. Term Securities Lending Facility.