Which of the following would be an example of capital for a retail gasoline station? (i) the gas tanks and pumps (ii) the service attendants' time (iii) the plot of land on which the station sits
a. (i) only
b. (iii) only
c. (i) and (iii) only
d. (ii) and (iii) only
a
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What is the Herfindahl-Hirschman index?
What will be an ideal response?
Stabilization policy is policy that seeks to
A) get zero inflation. B) eliminate fluctuations. C) eradicate unemployment. D) maximize output.
The Sherman Antitrust Act makes it unlawful for firms to collude to restrain trade
a. True b. False
The goal of an unbalanced economic development strategy is to create
a. a political revolution or change that sparks economic development b. labor unions in nonunionized markets that unbalances those markets c. more government jobs for workers in the modern sector d. high profit in the private sector and low profit in the government sector e. forward and backward linkages that provide mutually sustaining markets