The payment made by a bank to a depositor to use her money for lending to those in need of funds is referred to as the ________

For countries such as the United States and the United Kingdom, it is important to have trade surpluses in order to service their external debts

Indicate whether the statement is true or false

An upward-sloping labor supply curve reflects the

a. higher wage rate that must be paid to meet workers' opportunity costs b. lower wage rate that is paid to meet workers' opportunity costs c. increased willingness of firms to hire the labor supplied at increasing wage rates d. fact that not all workers are equally productive e. higher marginal productivity of the additional worker supplied