The transformation of an invention into something that benefits the economy is known as

A. a patent.
B. an innovation.
C. magical growth.
D. an externality.

Answer: B

Economics

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The federal funds rate is the interest rate that

a. the government charges banks who borrow from it b. the Fed charges banks who borrow from it c. the federal government pays to borrow money d. federally or nationally chartered banks charge their customers for commercial loans e. banks charge other banks for short-term loans

Economics

Which of the following is the main goal of a continuing company?

A. To improve product quality B. To enhance service to its customers C. To maximize the value of the firm D. To minimize costs

Economics