Which of the following is not an example of a capital input?
a. A person's skills and abilities, which can be employed to produce valuable goods and services.
b. Tools and equipment.
c. Factories and offices where goods and services are produced.
d. Computers used by a company to record inventory, sales, and payroll.
a
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Sasha derives utility from consuming apples and tacos as shown in the table above. Apples cost $1 each and tacos cost $2 each. If Sasha's income is $8, he will consume
A) 4 apples and 2 tacos. B) 2 apples and 3 tacos. C) 0 apples and 4 tacos. D) 3 apples and 3 tacos.
Under a perfectly price discriminating monopolist, each consumer consumes ________ a perfectly competitive market.
A. the same amount of output as they would under a non-discriminating monopolist as well as B. less output than they would under an imperfectly price discriminating monopolist, but more than under C. more output than they would under an imperfectly price discriminating monopolist, but less than under D. the same amount of output as they would under
The theory of rational behavior
A. assumes that people will behave in the best interest of society as a whole. B. implies that people will always take the time to make perfectly informed decisions. C. is an assumption that economists make to have a useful model for how decisions are made.
The reason unemployment claims are a good leading indicator of economic activity is that they reflect
A. Industry layoffs and hiring. B. Automatic stabilizers. C. Orders for new goods. D. Hours worked per week.