If an economist claims there are substitutes for fossil fuels, she is really saying
A) fossil fuels don't have to be economized.
B) fossil fuels aren't scarce goods.
C) fossil fuels aren't important.
D) fossil fuels are used, and maintained, only at a cost.
E) economists don't care for fossil fuels.
D
Economics
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If the Fed buys a $100,000 government security from a bank when the desired reserve ratio is 20 percent and the currency drain ratio is 5 percent, the bank can loan a maximum of
A) $75,000. B) $85,000. C) $95,000. D) $80,000. E) $100,000.
Economics
The payment received by suppliers of entrepreneurial skills is called rent
Indicate whether the statement is true or false
Economics