Which of the following is NOT held as an asset by banks?

A) securities
B) loans
C) reserves
D) currency in the banks' vaults
E) checkable deposits

E

Economics

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The demand for labor is a derived demand because it is derived from

A) the supply of labor. B) union pressure. C) the demand for the output the labor produces. D) natural law.

Economics

Suppose that a mining company employs 80% of the available laborers in a town. Explain what will happen to the number of laborers hired and the wage rate paid by the mine if a minimum wage is set at the competitive level

What will be an ideal response?

Economics