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Author Question: The price of a factor of production that is in fixed supply is called A) opportunity cost. B) a ... (Read 97 times)

futuristic

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on: Jun 29, 2018
The price of a factor of production that is in fixed supply is called
 
  A) opportunity cost. B) a compensating differential.
  C) economic rent. D) economic profit.

Question 2

Suppose the reserve ratio is RR. Then
 
  A) required reserves = RR  deposits. B) required reserves = RR  loans.
  C) required reserves = RR  actual reserves. D) required reserves = RR  excess reserves.


maaaaaaaaaa

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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