Where does the money for investment in physical capital come from? It largely comes from:
A. donation by foreign countries.
B. government subsidies.
C. the savings of ordinary households.
D. the reinvestment of funds from businesses.
Answer: C
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The Rule of 70 can be used to calculate the
A) 70 percent level of the economic growth rate. B) population growth rate per year. C) economic growth rate per year. D) economic growth rate per month. E) number of years it would take for the level of any variable to double.
If the MPC is 0.9, then an increase in taxes of $100 can be expected to __________ consumption by the amount of __________
A) increase; $90 B) decrease; $90 C) increase; $100 D) decrease; $100
Consumer surplus is what one consumer is willing to pay for a commodity over what another consumer is willing to pay for the same commodity
a. True b. False Indicate whether the statement is true or false
According to the Monetarists, the primary cause of inflation is:
A. large budget deficits. B. high taxes. C. rapid expansion of the money supply. D. government expenditures that are large relative to the size of the economy.