The main distinction between loanable funds and capital equipment is that
a. capital equipment has a measurable productivity, while loanable funds do not
b. capital equipment is less divisible and unalterable in the short run
c. loanable funds have an associated price (the interest rate), while capital equipment does not
d. capital equipment may earn rents in production, while loanable funds do not
e. there are no opportunity costs associated with the investment in capital equipment
B
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All dose-response functions are
a. linear relationships d. horizontal relationships b. nonlinear relationships e. none of the above c. vertical relationship
The spectacular growth in international banking can be explained by
A) the rapid growth in international trade. B) the 1988 Basel Agreement. C) the collapse of the Bretton Woods system. D) the creation of the World Trade Organization.
Which among the following does not determine the shape of the demand curve for a good under different market structures?
a. Number of substitutes in the market b. Importance of the good in a consumer's budget c. Cost structure of the firm d. Price-elasticity of demand e. The length of time being considered
In 2015, imports represented:
A. about 15 percent of U.S. GDP. B. about 1 percent of U.S. GDP. C. about 40 percent of U.S. GDP. D. nearly 70 percent of U.S. GDP.