The primary job of a bank is to act as an intermediary, taking in deposits from savers and then loaning that money to people who want to borrow

Supply curves slope upward to the right because

A) high enough prices make sunk costs irrelevant. B) higher prices attract resources from other uses. C) marginal cost is less than elasticity of demand. D) otherwise they would not intersect demand curves.

The circular-flow diagram explains, in general terms, how the economy is organized and how participants in the economy interact with one another

a. True b. False Indicate whether the statement is true or false