A firm's capital is measured as a ________ while investment in new capital is measured as a ________.
A. flow; stock
B. stock; change
C. stock; flow
D. physical amount; dollar value
Answer: C
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The income per capita of a country with a population of 50,000 is $4,500. Its gross domestic product is ________
A) $54,500 B) $900,000 C) $225,000,000 D) $120,000,000
The CIO was formed as a(n)
A) closed shop. B) association of industrial unions. C) union shop. D) bilateral monopoly.
Scott used $4,000,000 from his savings account that paid an annual interest of 5% to purchase a hardware store. After one year, Scott sold the business for $4,100,000 . His economic profits is:
a. $300,000 b. $100,000 c. -$100,000 d. -$200,000
Which of the following statements is correct?
A) The slope of a curved line is not defined because it is impossible to calculate the slope along a curved line. B) The slope of a straight line changes depending where on the line it is calculated. C) A straight line that slopes upward moving to the right has a positive slope. D) Answers A and B are correct. E) Answers A and C are correct.