According to the circular flow, the dollar value of a nation's output is equal to
A) wages. B) profits.
C) net income minus taxes. D) total income.
D
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The process by which inputs are transformed to outputs is referred to as:
A) production. B) distribution. C) depreciation. D) absorption.
Which of the following assets is the least liquid?
A) money market mutual fund B) stock C) treasury bond D) house
Which of the following is a characteristic of a real option?
a. The call option on a stock exercised if some average of the prices of its components passes a critical level. b. The right to postpone construction on the basis of net present value calculation. c. The put option on a stock that need to be paid for (at a predetermined price) if they are actually exercised. d. The right to sell an option at the strike price.
Prejudice leads, inevitably, to economic discrimination
a. True b. False Indicate whether the statement is true or false