The total amount of physical capital available in a country is know as the country's
A) labor productivity.
B) savings.
C) investment.
D) capital stock.
Answer: D
You might also like to view...
Political competition between candidates, especially attempts to paint one's opponent as being extreme, shows that _____
a. the way to be a successful politician is to fight dirty b. cyclical majorities will never exist c. there is an opportunity for third parties d. politicians implicitly accept the validity of the median voter model
The bus company in Detroit found that when it reduced its price in order to get more people to use the bus—and more people did—the bus company's total revenue still remained the same. Why did they get this surprising result? a. The demand curve was horizontal, reflecting a price elasticity of zero. b. The demand curve was vertical, reflecting a price elasticity of zero. c. The demand curve
shifted to the right. d. The price elasticity within the range of price-before-the-cut and price-after-the-cut was unit elastic. e. The price cut was insufficient. A deeper cut would have increased total revenue.
Deadweight losses occur when the quantity of an output produced is
What will be an ideal response?
Construction workers frequently sponsor political lobbying in support of greater public spending on highways and public buildings. One reason for this is to:
A. restrict the supply of construction workers. B. increase the elasticity of demand for construction workers. C. increase the demand for construction workers. D. increase the price of substitute inputs.