The ability of a country to invest in capital goods is tied to _____
a. its ability to save
b. the size of its labor force
c. its abundance of natural resources
d. the quality of its labor force
e. the level of inflation
a
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Which statement is most accurate about the real GDP per capita of different nations between 1980 and 2006?
a. The real GDP per capita of the US ranks in the middle of the other major industrialized nations. b. The US had the highest real per capita GDP at the beginning of the period, but by the end of the period many other industrialized had caught up to the US. c. The US had the highest real per capita GDP throughout the period and on average, the other major industrialized nations did not significantly close the gap. d. At the beginning of the period, the US had a real GDP per capita equal to the average of the major industrialized nations, but by 2006 the US had moved into first place.
Invention cannot be successful financially if price is
a. greater than marginal cost because invention is based largely on social costs. b. greater than marginal cost because invention is based solely on external costs. c. equal to marginal cost because invention is based largely on variable costs. d. equal to marginal cost because invention is based largely on fixed costs.
Fundamental analysis shows that Quadrangle Company is fairly valued. Then Quadrangle Company unexpectedly improves its production techniques and unexpectedly hires a new CEO away from another very successful competitor. Suppose this has no effect on the price of the stock of Quadrangle Company
a. Fundamental analysis would now show the corporation is overvalued. The fact that the price was unchanged is consistent with the efficient markets hypothesis. b. Fundamental analysis would now show the corporation is overvalued. The fact that the price was unchanged is not consistent with the efficient markets hypothesis. c. Fundamental analysis would now show the corporation is undervalued. The fact that the price was unchanged is consistent with the efficient markets hypothesis. d. Fundamental analysis would now show the corporation is undervalued. The fact that the price was unchanged is not consistent with the efficient markets hypothesis.
Other things the same, if a price change causes total revenue to change in the opposite direction, demand is:
A. perfectly inelastic. B. relatively elastic. C. relatively inelastic. D. of unit elasticity.