The Federal Reserve CANNOT do one which one of the following?
A. Change the tax rate on profits
B. Change the discount rate
C. Change the required reserve ratio
D. Change margin requirements
A. Change the tax rate on profits
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Human capital is
A. how firms use more humans than machines in the production process. B. the accumulation of investments that make people more productive. C. more costly than other forms of capital. D. none of these answer options are correct.
Which of the following can be classified as a highly specific asset?
a. A country's soldiers b. A wind turbine in an installation that produces "renewable" electricity c. A cattle farm d. A cruise ship
Bob works for a firm that produces umbrellas. He receives payment for his labor. The firm wants to expand but lacks the capital needed for the expansion. Bob, a person of some means, provides the capital. What payment(s) does the firm now make to Bob?
a. rental payment for the loan of capital and wages for labor b. wages for labor and profit for entrepreneurship in providing capital c. interest for Bob's entrepreneurship in providing capital d. profit for Bob's entrepreneurship in providing capital e. wages for labor and interest payments for providing capital
Saving by households and businesses is called ________ saving.
A. private B. aggregate C. public D. national