Technological efficiency necessarily means producing
A) at minimum cost.
B) with the highest level technology available.
C) without using more inputs than necessary.
D) technology itself.
C
Economics
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If the Fed increases the supply of bank reserves, ________
A) consumption falls B) investment falls C) the federal funds rate falls D) the inflation rate falls
Economics
Labor taxes may distort labor markets greatly if
a. labor supply is highly inelastic. b. many workers choose to work 40 hours per week regardless of their earnings. c. the number of hours many part-time workers want to work is very sensitive to the wage rate. d. "underground" workers do not respond to changes in the wages of legal jobs because they prefer not to pay taxes.
Economics