(Consider This) An otherwise unprofitable motel located on a largely abandoned roadway might be able to stay open for several years by:
A. increasing its nightly room rates.
B. reducing or eliminating its annual maintenance expenses.
C. charging room rates that exceed marginal revenue.
D. eliminating its fixed costs, including its opportunity costs.
Answer: B
Economics
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The Federal Reserve System is owned by:
a. federal government agencies such as the Treasury. b. the Congress of the United States. c. the banks that are members of the Federal Reserve System. d. anyone who buys stock over the counter. e. people who have deposits in member banks.
Economics
Open-market operations generally involve the purchase and sales of
A. government securities. B. stocks and bonds. C. coins and currency. D. Federal Reserve notes.
Economics