To have a rising standard of living, a nation's stock of capital must
a. equal the amount of consumption in the country
b. grow faster than the population
c. be associated with a low rate of investment and high rate of consumption
d. grow slower than the population
e. decline to enable the production of essential consumption goods
B
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In-kind assistance programs are based on the direct transferring of goods and services to the poor
a. True b. False Indicate whether the statement is true or false
An increase in price for an output good decreases the quantity demanded for input factors.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. If the isocost line represents a total cost of $2,400, then the firm's cost of capital is ________ per unit and its cost of labor is ________ per unit.
A. $12; $24 B. $24; $12 C. $2; $1 D. $10; $20
If the prices of goods and services were expressed in terms of carved wooden beads, then the carved wooden beads would be serving as a
A) store of value. B) medium of exchange. C) mechanism for transforming present purchases into future purchases. D) unit of account.