When Acme Inc produces a certain amount of output by using the least amount of inputs, Acme Inc definitely

A) maximizes profits.
B) minimizes labor costs.
C) achieves technological efficiency.
D) achieves economic efficiency.

C

Economics

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DSL and broadband internet service would be considered an example of:

A) substitute goods. B) giffen goods. C) inferior goods. D) complementary goods.

Economics

If the required reserve ratio is 10 percent, the simple deposit multiplier is

A) 5.0. B) 2.5. C) 100.0. D) 10.0

Economics