Which of these is an example of depreciation?
(A) A clothing store owner reduces the price of a belt by $10 to encourage sales.
(B) A worker's truck breaks down more often after 80,000 miles of driving.
(C) An employer fires a worker for repeatedly arriving late to work.
(D) A share of stock declines in value over several months.
Ans: (B) A worker's truck breaks down more often after 80,000 miles of driving.
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Suppose you withdraw $1,000 in cash from your checking account. Draw a T-account to show the effect of this transaction on your bank's balance sheet
What will be an ideal response?
In Figure 3-3 above, when income is 700, unplanned inventory investment is
A) -180. B) 180. C) 300. D) -300. E) -120.
The point at which buyers and sellers "agree" on the quantity of a good they are willing to exchange at a given price is called:
A. equilibrium. B. optimization. C. maximization. D. market collapse.
The quantity of a good that consumers demand depends only on the price of the good
Indicate whether the statement is true or false