The term capital in economic theory refers to
A) any privately owned resource.
B) bonds, stocks, and similar financial assets.
C) money available for lending or spending.
D) produced goods used to produce future goods.
E) savings out of income.
D
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The figure above shows the supply curve for soda. The market price is $1.00 per soda. The marginal cost of the 10,000th soda is
A) $0.00. B) $0.50. C) $1.00. D) more than $0.50 and less than $1.00. E) None of the above answers is correct.
Suppose you invest $5,000 in a one-year Japanese bond that pays 1% interest. At the time of your purchase, 85 yen equals $1 while one year later, 80 yen equals $1. What will be the value of your investment in one year when measured in dollars?
What will be an ideal response?
The price index was 120 in 2012 and 126 in 2013 . What was the inflation rate?
a. 5.0 percent b. 6.0 percent c. 7.2 percent d. 105 percent
Ceteris paribus, which of the following will cause the demand curve for basketballs to shift to the left?
A.) The cost of producing basketballs increases. B.) Consumer incomes increase. C.) Parents decide soccer is a better sport for their children than basketball. D.) People become more interested in basketball as more football players are arrested for drugs.