Which of the following lists includes only capital resources (and therefore no labor or land resources)?
A. An ice arena; a professional hockey player; hockey uniforms.
B. The owner of a new startup firm; a chemistry lab; a researcher.
C. A hydroelectric dam; water behind the dam; power lines.
D. Autos owned by a car rental firm; computers at the car rental agency; the vans that shuttle
rental customers to and from the airport.
Answer: D
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The total amount of physical capital available in a country is know as the country's
A) capital stock. B) investment. C) savings. D) labor productivity.
Which part of the Foreign Corrupt Practice Act (FCPA) prohibits employees and representatives of U.S. firms from bribing foreign officials?
A) Part I B) Part III C) Part II D) Part VI
The tolerance of bribe-taking by government officials
A) reduces economic uncertainty because all investors are aware of the practice. B) reduces economic efficiency because rules governing property rights are not regularly enforced. C) reduces government expenditures because public employees can be paid less. D) reduces the need for government to impose taxes on poor people.
The key to understanding the movement in stock prices is to understand
A) expectations. B) market share. C) accounting profits. D) the firms contribution to the social welfare of its employees.