China has invested heavily in turbine manufacturing and in 2009 had become the world's largest wind power market. Capital that provides services to the public, like energy derived from wind power, is known as
A. human capital.
B. intangible capital.
C. tangible capital.
D. social capital.
Answer: D
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Refer to Figure 2-9. Which country has a comparative advantage in the production of snow cones?
A) Greenland B) They have equal productive abilities. C) Iceland D) neither country
An increase in real output (goods and services) is the only explanation for an increase in nominal GDP
Indicate whether the statement is true or false
Which one of the following is included in M2 but NOT in M1?
A. large-denomination time deposits B. transaction deposits C. coins and currency D. a savings deposit
An insect that is resistant to currently used pesticides has infested the cotton crop, and this year's crop is only half of what was produced last year. You accurately predict that this
A. will shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the demand for cotton will fall. B. will shift the supply curve of cotton to the right, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease. C. will shift the supply curve of cotton to the left, the equilibrium price of cotton will increase, and the quantity demanded of cotton will decrease. D. will shift the supply curve of cotton to the right, the equilibrium price of cotton will increase, and the demand for cotton will fall.