An example of physical capital is:
A. a factory.
B. a computer.
C. a pen.
D. All of the items are examples of physical capital.
D. All of the items are examples of physical capital.
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Which of the following statements about health care is true?
a. The demand for health care is inversely related to price b. The demand for health care is positively related to price. c. Healthcare is an inferior good. d. Health care and health insurance is only provided by the government in the U.S. e. The supply of health care is inversely related to price.
Suppose you have spent your entire budget and the marginal utilities per dollar spent on all the goods you buy are equal. Which of the following is true?
a. You are not being rational. b. There is a way to increase your utility by reallocating your purchases. c. You will reduce your utility if you allocate your income in any other way. d. You are minimizing your total utility. e. You have chosen a consumption bundle that lies below your budget line.
Currently all checking deposits over 55.2 million in a bank are subject to a legal reserve requirement of ____%.
Fill in the blank(s) with the appropriate word(s).
All of the following are indicators of a nation's standard of living except
A. infant mortality rate. B. life expectancy. C. literacy rate. D. the inflation rate measured by CPI.