Capital is a(n) ____ variable and investment is a(n) ____ variable
a. physical, financial
b. stock, flow
c. asset, liability
d. flow, stock
b
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Complete the table below by computing the missing numbers from those that are given. QFixed CostsVariable CostsAverage CostMarginal Cost0$20_______________1_______________$82_____$15__________3__________$13.67_____4_______________ 65_______________ 76_____ 42__________7_____ 51__________8__________ 10.125_____? ?
What will be an ideal response?
In the classical system, output and employment are primarily dependent on
a. population, productivity, and technology. b. technology, capital formation, and thrift. c. population, technology, and capital formation. d. productivity, thrift, and population.
What does the Phillips curve illustrate, and what changes in the AS-AD model support this relationship?
What will be an ideal response?
Exhibit 2-12 Production possibilities curve
In Exhibit 2-12, suppose an economy with the given production possibilities curve is currently located at point A in the figure. Which of the following statements is false?
A. This economy could produce more of both capital and consumption goods. B. This economy is experiencing full employment. C. This economy could produce more capital goods while holding fixed the number of consumption goods produced. D. This economy could produce more consumption goods while holding fixed the number of capital goods produced.