Which of the following would not be considered physical capital?
A. An axe
B. Fertile soil
C. A factory
D. A forklift
B. Fertile soil
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The Bitcoin:
a. Is an example of VCU1. b. Is an example of VCU2. c. Is an example of VCU3. d. Is an example of VCU4. e. None of the above because the Bitcoin is not a virtual currency.
Recent research by Fed researchers put the natural rate of interest at:
A. five percent. B. two percent. C. negative one percent. D. close to 0 percent.
If you are using a credit card prudently, you should
A) pay only the interest on any outstanding balance. B) make only the minimum payment each month. C) gradually expand the amount borrowed to the card's credit limit. D) pay the balance in full each month.
If the economy is at full employment and war breaks out, we would move from
A. W to X.
B. X to W.
C. X to Y.
D. Y to X.