Capital is a term economists use to refer to
a. man-made resources used to produce other goods and services.
b. resources that are available in nature such as mineral deposits.
c. money that is used to consume goods and services, to distinguish it from money that is saved.
d. the value of the best alternative to an action.
A
You might also like to view...
An investment bank purchases securities from a corporation at a predetermined price and then resells them in the market. This process is called
A) underwriting. B) underhanded. C) understanding. D) undertaking.
When federal government expenditures exceed tax receipts, the Treasury must
A) expand the money supply. B) raise taxes. C) reduce spending. D) sell bonds.
Increases in the capital stock:
a. Shift the short run aggregate supply curve upward b. Shift the long run aggregate supply curve to the right. c. Shift short run aggregate supply curves upward and long run aggregate supply curves to the right. d. Do none of the above
If nominal GDP is $12,000 and the GDP deflator is 80, then real GDP is $15,000
a. True b. False Indicate whether the statement is true or false