Name two conditions that can cause a capital asset to depreciate
What will be an ideal response?
Capital assets can depreciate due to physical wear and/or the asset becomes obsolete due to a change in technology or consumer tastes and preferences.
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In the table above, the number of unemployed people is
A) 2,000. B) 3,000. C) 1,000. D) 1,100. E) 11,000.
Frictional unemployment always exists because
A) some workers quit their jobs without having another job already lined up. B) the government has never instituted full employment policies. C) workers are lazy and refuse to accept certain jobs. D) recessions are necessary sometimes to keep the economy healthy.
Which statement is true?
A. Income is fairly evenly distributed in the U.S. B. The richest 1% of our population has nearly 50% of the income. C. The percentage of Americans below the poverty line has been falling steadily (except for recession) since the 1950s. D. Eleven percent of the children under six living in a two parent home are poor.
The best definition of unplanned inventory investment is “changes in inventories ______.”
a. that occur after the economy reaches equilibrium b. due to perceptions of future changes in economic activity c. that occur due to changes in government spending d. that result from factors firms did not anticipate