In what way did the Dodd-Frank Act reduce bank revenue?
A) It increased the amount banks had to pay on interest to depositors.
B) It reduced fees banks could charge when customers took out loans.
C) It reduced the amount of interest banks could charge on mortgages.
D) It capped the fees that banks could charge stores for debit card transactions.
D
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Which factors explain labor productivity?
A) diminishing returns; the quantity of labor per hour worked B) diminishing returns; the quantity of capital per hour worked C) technological change; the quantity of capital per hour worked D) technological change; the quantity of labor per hour worked
In the resource market, firms demand resources in order to
a. maximize profit b. maximize total revenue c. maximize marginal revenue d. maximize utility e. minimize cost