Suppose you start your own company making T-shirts that commemorate campus sporting events. An example of the resource capital would be
a. the factory you created in a building you are leasing
b. your time and effort used to produce T-shirts
c. the entire campus, since the demand for T-shirts is obtained from campus students
d. the athletic facilities, since the athletic teams generate sporting events advertised on the T-shirts
e. your creative designs used to commemorate different sporting events
A
You might also like to view...
Which of the following models focuses on how productivity shocks explain fluctuations in real GDP?
A) the monetarist model B) the new classical model C) the new Keynesian model D) the real business cycle model
Which of the following would move the economy up and to the left along a short run Phillips Curve? a. Increases in the discount rate and increases in the interest rate the Fed pays on bank reserves
b. Increases in taxes by the federal government combined with reductions in government purchases of goods and services. c. Decreases in the fed funds interest rate target adopted by the Fed. d. An increase in the expected rate of inflation.
Which of the following is not a segment of the foreign exchange market?
a. The stock market for multinational companies. b. The outright forward market. c. The futures-and-options market. d. The spot market. e. All of the above are segments of the foreign exchange market.
Direct subsidies to agriculture, whether they are export subsidies or production subsides, are viewed as harmful because of all the following reasons EXCEPT
A) they lead to overproduction. B) they crowd out imports. C) they can lead to dumping of surplus production. D) they encourage overconsumption through low market prices.