The difference between the amount of capital at the beginning of a year and the amount of capital at the end of the year is equal to
A) financial consumption.
B) gross investment.
C) depreciation.
D) capital consumption.
E) net investment.
E
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Refer to Table 2-11. South Korea has a comparative advantage in the production of
A) digital cameras. B) wheat. C) both products. D) neither product.
A critical component of supply-side economics is that
a. there is no wage that is so low that someone will not be willing to work for it. b. as the wage gets higher, workers choose significantly less leisure. c. labor supply is inelastic. d. as the wage gets higher, workers are richer and choose more leisure.
All else equal, at what interest rate would the PDV of a lottery prize that pays $1,000,000 today and $1,000,000 each year for the next 19 years be equal to $10,000,000?
A. 5.26% B. 7.75% C. 8.92% D. 50.00%
Which countries had double digit inflation rates for most of the first decade in the twenty-first century?
a. Nigeria, Turkey, Venezuela, Myanmar b. Indonesia, Iran, Belarus, the Russian Federation c. Nigeria, Indonesia, the Russian Federation, Turkey d. Indonesia, Iran, Nigeria, the Russian Federation