Which of the following activities are production?
A) combining flour, milk, and eggs to make cookies
B) moving crude oil from one part of Texas to an oil refinery near the Texas coast
C) taking ice cubes from a tray to put in a drink
D) All of the above are production.
Answer: D
Economics
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If the economy is experiencing an inflationary gap, classical economists argue that the Federal Reserve should lower interest rates
a. True b. False Indicate whether the statement is true or false
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What should be the impact on a bank's return on assets and return on equity from increased use of off-balance-sheet activities?
What will be an ideal response?
Economics