Efficiency is best understood as a relationship between
A) ends and means.
B) energy created and energy destroyed.
C) energy output and energy input.
D) pleasure and pain.
A
Economics
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A large increase in the legal minimum wage is most likely to benefit
A) teenagers. B) unemployed workers. C) unionized workers. D) unskilled workers. E) none of the above because price-fixing hurts everyone.
Economics
The primary reason commercial banks must keep required reserves on deposit at the Fed is to
A. allow the Fed to control the amount of bank lending. B. ensure that depositors can withdraw their money if they wish to. C. add to the liquidity of the commercial bank. D. protect the deposits in the commercial bank against losses.
Economics