Increases in net investment generally result in:
A. lower levels of capital stock and lower levels of depreciation.
B. lower levels of capital stock and higher levels of depreciation.
C. higher levels of capital stock and higher levels of depreciation.
D. higher levels of capital stock and lower levels of depreciation.
Answer: C
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A. why no one ever remembers who came in second. B. why top paid corporate executives, professional athletes, and entertainers earn such high salaries. C. why nominal wages are always higher than real wages. D. why real wages are tied to productivity.
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Indicate whether the statement is true or false
If a graph shows a negative relationship between two variables which then becomes a positive relationship, this curve would
A) always be an upward-sloping line. B) have a minimum point. C) have a maximum point. D) always be a downward-sloping line.
The conclusion arrived at from a kinked-demand oligopoly model is that:
a. oligopoly firms cannot maximize their profits. b. oligopoly firms should keep prices at their current level. c. all oligopoly firms should raise prices. d. all oligopoly firms should lower prices. e. oligopoly market structure will lead to lower prices than more competitive industries.