Which of the following is an example of a capital good?
A. A metal-stamping machine used to produce cars sold to an automaker
B. A new CD player sold to a teenager
C. A new CD player sold to an automaker for installation in a car
D. A new car sold to a family
Answer: A
You might also like to view...
Which of the following would be classified as a fixed cost for the proprietor who owns and operates the local Texaco station?
A) the federal excise tax paid on each gallon of Texaco gasoline sold B) the state income tax on the profit earned C) the rent paid on the 10 year lease for the property on which the station is located D) the Social Security tax the owner pays the federal government on the owner's income
Once the problem of subsistence food growing had been solved, regional growth resulted in which of the following?
(a) Balanced growth across all sectors of the economy (b) Increased import growth and decreased export growth (c) Developed export activity (d) Faltering secondary industrial growth
Which of the following will shift the demand curve for milk?
a. change in the income of buyers of milk b. change in the price of milk c. change in input prices for milk d. All of the above are correct.
The main reason barter is extremely inefficient is that:
A. it can have very high transactions costs associated with it. B. you have to find someone who both has what you want and wants what you have. C. people and firms have to spend a lot of time looking for mutually agreeable trades. D. All of these are true.