The United States is divided into ___ Federal Reserve districts
A. 14
B. 12
C. 8
Ans: B. 12
Economics
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For the monopolistically competitive firm
A) P = MR > AR. B) P > MR = AR. C) Price (P) = Marginal Revenue (MR) = Average Revenue (AR). D) P = AR > MR.
Economics
Investment in capital goods only makes sense when
a. the capital goods can be used to increase the future output of consumption goods. b. the savings rate of a country is low. c. the interest rate is high and people have a positive rate of time preference. d. economies are organized along capitalist lines.
Economics