Answer: d. a lawyer's computer
Which of the following would an economist classify as physical capital?
a. 100 shares of IBM stock
b. a $50 bill
c. a credit card
d. a lawyer's computer
Economics
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The interest rate banks charge each other on loans of reserves is called the
A) required reserve rate. B) discount rate. C) real interest rate. D) coupon rate. E) federal funds rate.
Economics
Suppose on any given day there is an excess supply of reserves in the federal funds market
If the Federal Reserve wishes to keep the federal funds rate at its current level, then the appropriate action for the Federal Reserve to take is a ________ open market ________, everything else held constant. A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
Economics
Total revenue can be defined as:
A. the total amount a firm spends on all inputs used in production. B. the amount that a firm spends on all inputs that go into making a good or service. C. the amount that a firm receives from the sale of goods and services. D. the total number of sales of a good or service by a firm.
Economics
Which of the following contributes to the projected rise in government spending on Social Security and Medicare as a percentage of GDP?
a. increasing life expectancies b. increasing healthcare costs c. increasing fertility rates d. Both a and b are correct.
Economics