An increase in capital stock
A. provides valuable services directly.
B. causes economic growth.
C. enhances labor productivity.
D. all of the above
Answer: D
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If the CPI is 120 in 1996 and 180 in 2002, then between 1996 and 2002, prices have increased by
A) 180%. B) 80%. C) 60%. D) 50%.
The primary liabilities of a commercial bank are
A) bonds. B) mortgages. C) deposits. D) commercial paper.
Which of the following is true when the government imposes a price ceiling on a monopolist?
A) Marginal revenue becomes horizontal. B) Marginal revenue is linear. C) Marginal revenue is kinked—horizontal and then downward sloping. D) Marginal revenue is kinked—downward sloping and then horizontal.
Barter transactions involve a double coincidence of wants
a. True b. False Indicate whether the statement is true or false