What was the most immediate impact of introducing the horse to the plains Indians?
a. A decrease in the amount of agricultural work the Indians did
b. A large increase in the size of hunting groups
c. More intensive and more efficient use of animal carcasses.
d. More time was spent in fixed locations
a. A decrease in the amount of agricultural work the Indians did
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Of the following, which would be the last choice for a bank facing a reserve deficiency?
A) Call in loans. B) Borrow from the Fed. C) Sell securities. D) Borrow from other banks.
In a competitive market the current price is $5 . The typical firm in the market has ATC = $5.50 and AVC = $5.15
a. In the short run firms will shut down, and in the long run firms will leave the market. b. In the short run firms will continue to operate, but in the long run firms will leave the market. c. New firms will likely enter this market to capture any remaining economic profits. d. The firm will earn zero profits in both the short run and long run.