The stock of wealth increases more rapidly the faster the flow of ________.
A. assets
B. money
C. saving
D. income
Answer: C
You might also like to view...
In the above figure, the amount of tax revenue is
A) $2,000. B) $4,000. C) $6,000. D) $8,000.
The multiplier effect is the series of ________ increases in ________ expenditures that result from an initial increase in ________ expenditures
A) autonomous; consumption; induced B) autonomous; investment; induced C) induced; consumption; autonomous D) induced; investment; autonomous
If the implicit costs shown for the firm in the Accounting Profits versus Economic Profits table doubled, the firm’s accounting profits would ______.
a. not be affected
b. decline by an amount equal to the change
c. increase by an amount equal to the change
d. decline to match the firm’s economic profits.
A monopolist will hire an additional unit of labor as long as
A) the additional cost of the worker is outweighed by the additional revenues made from selling the output of theses workers. B) the marginal revenue curve is above the demand curve. C) the marginal revenue product is larger than the marginal factor cost. D) the marginal revenue product is less than the marginal factor cost.