The difference between gross investment and net investment is
A) the capital stock.
B) depreciation.
C) the real interest rate.
D) equal to saving.
B
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________ refers to an action that an individual with private information takes in order to convince others about his information
A) Sniping B) Signaling C) Hedging D) Speculating
Economic terms like “cost of living” and “price level” are important to ordinary individuals.
Answer the following statement true (T) or false (F)
An appropriate test of the effectiveness of an economic model is
A) the number of variables contained within the model. B) the model's ability to predict future economic activity. C) the number of economists who have worked on the model. D) the number of assumptions which the economist has made.
The longer any price change persists, the
A) more difficult it is to alter quantity demanded. B) greater is the price elasticity of demand. C) lower is the price elasticity of demand. D) more likely price will return to its original level.