The U.S. dollar is so widely traded partially because the New York Stock Exchange is the biggest foreign-exchange center in the world.
a. true
b. false
b. false
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During the Black Plague, capital became worthless. What can explain this?
A) Capital's marginal product fell because there was less labor. B) Capitalists died off at a greater rate than the workers. C) Capital's marginal product increased but the marginal product of labor decreased. D) Workers forgot how to use the capital.
Accountants consider depreciation allowance as ________ and ________ it from the firm's operating profit before calculating the tax.
A) profit; add B) a cost; subtract C) profit; subtract D) a cost; add
Fixed prices in a free-market economy can increase efficiency
a. True b. False Indicate whether the statement is true or false
The wage gap between skilled and unskilled worker has
a. risen; economists argue that this may be due in part to technological progress. b. risen; economists argue that none of the rise is due to technological progress. c. fallen; economists argue that this may be due in part to technological progress. d. fallen; economists argue that none of the fall is due to technological progress.