The total market value of capital assets in the United States is about $30 trillion dollars.
Answer the following statement true (T) or false (F)
True
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The above figure shows Dana's marginal benefit curve for ice cream. If the price of ice cream is $2 per gallon, then the maximum that Dana is willing to pay for the 8th gallon of ice cream is
A) $1. B) $2. C) $3. D) $5.
In order to reduce market risk associated with bonds held in inventory, a dealer can
A) take a long position in bond futures. B) take a short position in bond futures. C) purchase bonds at the mark-to-market settlement price. D) use settlement by offset procedures.
New growth theory holds that technology is __________ and that the more resources that go to develop technology, the __________ technology that is produced
A) exogenous; more and better B) exogenous; less C) endogenous; more and better D) endogenous; less
Behavioral economics deals with
A) the assumption that people are always selfish. B) bounded rationality. C) unbounded willpower. D) only theories without justification from empirical evidence.