If you are a sole proprietor of a firm, the value of the wage you could have earned elsewhere is

As an economy recovers from a recession, the observed level of labor productivity tends to decline. Why?

A) The total product remains the same during the recovery, but the number of workers declines. B) The total product increases during the recovery, but the number of workers declines. C) The marginal product of labor declines as new workers enter the expanding work force. D) The marginal product of labor increases at a slower rate than the decline in employment.

Banks generally keep most of their assets in the form of ______.

a. cash assets b. reserves held at the Fed c. loans d. secondary reserves