All of the following are examples of capital except:
a. the robot used to help produce your car.
b. a computer used by your professor to write this exam.
c. the factory that produces the costume jewelry you buy.
d. the inventory of unsold goods at your local hardware store.
e. an uncut diamond that you discover in your backyard.
e
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The goal of the World Bank is to
A) sell the government securities of member nations on the open market. B) supervise exchange rate stability. C) help finance economic development. D) supervise the activities of the central banks of member nations.
The number of live births per 1000 people in the population per year is the
(a) hidden momentum of population growth. (b) population growth rate. (c) demographic transition. (d) crude birth rate.
A person is risk loving if:
A. for a given level of expected consumption, he prefers a risky bundle to a risk less one. B. his indifference curve is convex to the origin. C. his indifference curve is concave to the origin. D. his indifference curve is concave to the origin and for a given level of expected consumption, he prefers a risky bundle to a risk less one.
We will keep buying digital music downloads from the Internet until the marginal utility of the music downloads
A. rises to the price of the download. B. falls to the price of the download. C. is greater than the price of the download. D. is less than the price of the download.