In January 2015, Tim's Gyms, Inc owned machines valued at $1 million. During the year, the market value of the equipment fell by 30 percent. During 2015, Tim spent $200,000 on new machines. During 2015, Tim's gross investment totaled
A) $1 million.
B) $300,000.
C) $200,000
D) $900,000.
C
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By definition, M1 includes:
a. savings accounts. b. money market mutual accounts. c. small denomination time deposits. d. checkable deposits.
The marginal physical product of an input is the
a. addition to output from using one more unit of an input. b. extra amount of an input needed to produce one additional unit of output. c. change in average physical product, given a change in the quantity of an input. d. slope of the production indifference curve for an output made using the input.
The theory of efficient markets:
A. allows for higher than average returns if the investor takes higher than average risk. B. assumes people have equal luck. C. rules out high returns due to chance. D. says insider information makes markets less efficient.
Economists use different definitions of money because:
A. there are differences in the frequency with which depositors use their accounts. B. deposits can be domestic or international. C. deposits may be held at banks or savings and loans. D. it is not always clear which assets are used primarily as money.