A firm's ________ is measured as a stock while ________ is measured as a flow.
A. investment in new capital; capital
B. current labor force; current inventory
C. capital; investment in new capital
D. planned inventory; current inventory
Answer: C
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Suppose the Fed increases the money supply. Which of the following is true?
A) At the original interest rate, the quantity of money demanded is less than the quantity of money supplied. B) At the original interest rate, the quantity of money demanded is equal to the quantity of money supplied. C) The interest rate must rise for the money market to clear. D) At the original interest rate, the quantity of money demanded is greater than the quantity of money supplied.
Answer the following statements true (T) or false (F)
1) If a firm purchases an input that is jointly produced with another good, changes in the demand for the other good will have no effect on the price of the input. 2) It is profit-maximizing for managers to locate their stores close together in areas that are frequented by low-income consumers. 3) Stores that are located in areas that offer a low transaction cost to consumers are more likely to be able to charge higher prices than stored located in areas with high transaction costs. 4) To maximize profit, a manager of a large chain of stores that are located throughout the United States needs to determine the average value of their consumers' time and transportation costs and locate each store in areas based on the average value. 5) A consumer's total transportation costs do not include the time the consumer spends in the store.
Which of the following pairs of goods are complements?
a. frozen pizza; restaurant pizza b. potato chips; potato chip dip c. hockey sticks; tennis balls d. automobiles; bicycles
An insurance company that is the only company selling mandatory health insurance in a state is an example of which market structure?
What will be an ideal response?