Which of the following statements about economic resources is false?
A) Economic resources are also called factors of production.
B) Economic resources include financial capital and money.
C) Economic resources are used to produce goods and services.
D) Some economic resources are human-made while others are found in nature.
B
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If investment increases ,which of the following happens?
i. Aggregate expenditure increases. ii. Real GDP increases. iii. Consumption expenditure decreases. A) i only B) ii and iii C) ii only D) i and ii E) i, ii, and iii
Economic depreciation is the
A) firm's opportunity cost of using its own capital. B) change in the market value of capital over a given period. C) return that an entrepreneur can expect to receive on average. D) forgone return on the funds used to buy capital.
For a downward-sloping demand curve, marginal revenue decreases as quantity sold increases
Indicate whether the statement is true or false
If you hold money in anticipation of household emergencies and you give up long-term interest-bearing accounts, you are exercising the
a. speculative motive for holding money b. transactions motive for holding money c. opportunity cost motive for holding money d. precautionary motive for holding money e. regressive cost of holding money