Money that can be used to purchase capital goods is known as
a. financial capital.
b. profit.
c. liquid capital.
d. interest.
a. financial capital.
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Which of the following is most likely to happen to open-access wildlife resources?
a. They will be used efficiently. b. They will not be used at all. c. It will be unprofitable to use them. d. They will be used but will generate no profit. e. They will become extinct.
The interest rate charged by the Fed to member banks is called the _____
Fill in the blank(s) with correct word
Suppose that real domestic output in an economy is 2400 units, the quantity of inputs is 60, and the price of each input is $30. If productivity increased such that 3000 units are now produced with the quantity of inputs still equal to 60, then per-unit production costs would:
A. decrease and aggregate supply would increase. B. increase and aggregate supply would decrease. C. remain unchanged and aggregate supply would remain unchanged. D. decrease and aggregate supply would decrease.
In the United States during the 1930s, politicians:
A. relied on government spending and taxation to pull the economy out of the depression. B. did not believe in using government spending and taxation because they feared the consequences of budget deficits. C. knew that the depression would eventually subside because of automatic stabilizers. D. deliberately relied on government spending and taxation even though they knew the depression would continue.