Which word comes from the Greek world for "one who manages a household"?

a) market
b) consumer
c) producer
d) economy

Ans: d) economy

Economics

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When the Fed buys government securities, banks' reserves ________, the quantity of money ________, and the federal funds rate ________

A) decrease; increases; falls B) increase; increases; falls C) increase; decreases; rises D) decrease; decreases; rises E) increase; increases; rises

Economics

Bill owns a lawn-care company in Windermere, Florida, Florida, whose cost curves are illustrated in the above figure. The market equilibrium price in this perfectly competitive market equals $32 per lawn mowed

If Bill's average total cost curve is ATC, his total economic ________ equals ________. A) loss; $800 per week B) profit; $1,280 per week C) profit; $480 per week D) loss; $1,280 per week E) profit; $32 per week

Economics