The value of capital is as great as the services it produces over time.
Answer the following statement true (T) or false (F)
True
You might also like to view...
According to the economics of exhaustible resources, if the interest rate increases,
A) an exhaustible resource will be used up sooner. B) an exhaustible resource will be used up over a longer period of time. C) the period of time until an exhaustible resource is used up will not change. D) none of the above
Naturally occurring diamonds are an example of
A) land. B) labor. C) physical capital. D) human capital.
As the manager of a ski resort, you want to increase the number of lift tickets sold by 8 percent. Your staff economist has determined that the price elasticity of demand for lift tickets is 2. To increase sales by the desired amount, you should decrease the price of a lift ticket by:
A. 16 percent. B. 8 percent. C. 4 percent. D. 2 percent.
On the graph showing the Laffer curve, at point E, ______.
a. the incentive to work is highest
b. the incentive to work is eliminated
c. economic resources are fully invested
d. the rate of saving reaches its peak