Economic resources used in the production process are called:
A) free gifts of the natural environment.
B) factors of production.
C) consumer items.
D) money capital.
Ans: B) factors of production.
Economics
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A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal
A) anchor. B) benchmark. C) tether. D) guideline.
Economics
Why was the Fed reluctant to rescue insolvent banks?
A) It thought it may lead to moral hazard. B) It thought it may lead to adverse selection. C) It thought they were still liquid. D) It did not think they were insolvent.
Economics