Which of the following would be categorized as "land"?
A) timber
B) human capital
C) buildings
D) entrepreneurship
A
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A negative cross elasticity indicates that two goods are complements.
Answer the following statement true (T) or false (F)
Refer to Table 2.1. GDP in 2012 is
A) $190.00. B) $199.50. C) $215.00. D) $267.50.
Foreign exchange risk is
A) a financial strategy that reduces the change of suffering losses arising from foreign exchange risk. B) an exchange rate arrangement in which a country pegs the value of its currency to the exchange value. C) the possibility that changes in the value of a nation's currency will result in variations in the market value of assets. D) active management of a floating exchange rate on the part of a country's government.
The introduction of a tax in a perfectly competitive marketplace that is originally in equilibrium will lower total surplus.
Answer the following statement true (T) or false (F)