The rate of interest banks charge other banks for overnight loans of reserves is the

A) prime rate. B) discount rate. C) federal funds rate. D) real rate.

C

Economics

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The principle of diminishing returns implies that as one input increases while the other inputs are held fixed, output

A) increases at an increasing rate. B) decreases at a decreasing rate. C) increases at a decreasing rate. D) decreases at an increasing rate.

Economics

The lost-income approach tends to value a life at a higher amount than does the compensating differential approach

Indicate whether the statement is true or false

Economics