When a commercial bank borrows from the Fed,
A) the reserves of the bank fall.
B) the bank can make more loans.
C) it must be because the bank is not meeting its reserve requirements.
D) the money supply falls.
B
Economics
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Which of the following is an example of a sunk cost?
A) The cost incurred in painting a new office space B) The wage paid to workers in a mill C) The cost of raw materials used in a factory D) The cost of electricity used in the office
Economics
A golf club manufacturer pays its workers based on the number of sets of clubs they produce. This firm
A) organizes production based on an incentive system. B) organizes production based on a command system. C) does not have any implicit costs. D) does not have explicit costs.
Economics