Which of the following is a thrift institution?
i. a credit union
ii. the Fed
iii. a savings bank
A) i only B) ii only C) iii only D) Both i and iii E) i, ii, and iii
D
Economics
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The monopolist that maximizes profit
A) imposes a cost on society because the selling price is above marginal cost. B) imposes a cost on society because the selling price is equal to marginal cost. C) does not impose a cost on society because the selling price is above marginal cost. D) does not impose a cost on society because price is equal to marginal cost.
Economics
In the short run, if a perfectly competitive firm is producing at a price below average total cost, its economic profit is:
a. positive. b. zero. c. negative. d. normal.
Economics