Depreciation is defined as the
A) decrease in the stock of capital due to wear and tear.
B) increase in the stock of capital due to investment by firms.
C) increase in the stock of capital due to wear and tear.
D) decrease in the stock of capital due to investment by firms.
A
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"Higher ethanol production definitely and directly raises the price of corn," said USDA economist Ephraim Leibtag. In the short run, what is TRUE if the production of ethanol increases?
A) The demand for corn will increase. B) The supply of ethanol will decrease. C) The supply of corn will increase. D) The demand for ethanol will increase.
What are the primary arguments in favor of a rules approach, and what are the primary arguments in favor of a discretion approach?
What will be an ideal response?
During the post-Civil War debate over resuming the exchange of gold for greenbacks,
a. members of the Greenback party argued the returning to gold was not worth the economic pain. b. Republicans argued that those who had loaned money to the government during the Civil War had the right to be paid in gold. c. Republican argued that due to the Public Credit Act of 1869, bondholders were not required to be paid in gold. d. None of the above is correct. e. Only a and b are correct.
If the price of ground beef falls, the demand for hamburger buns will
a. increase because the two goods are substitutes b. decrease because the two goods are complements c. decrease because the two goods are substitutes d. increase because the two goods are complements e. not change unless the price of hamburger buns also changes