Among the factors of production are
A. income.
B. wages.
C. capital.
D. all of the above
Answer: C
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Consumption of fixed capital (depreciation) can be determined by ________.
A. subtracting net investment from real GDP B. subtracting depreciation from net investment C. adding net investment to real GDP D. subtracting net investment from gross investment
Refer to Table 8-27. What is the level of personal income for this economy?
A) $1,140 billion B) $1,010 billion C) $990 billion D) $860 billion
Managers should engage in an activity if, on average, it can be done for less that a dollar per unit
Indicate whether the statement is true or false
If you are following a tit-for-tat strategy in a repeated game, and your opponent makes a cooperative move, you will:
A. collude. B. price compete. C. defect. D. make a cooperative move in the next round.