An example of physical capital is a:

A. seeds.
B. bank loan.
C. plow.
D. tree.


Answer: C

Economics

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Indicate whether the statement is true or false

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For resale price maintenance to be successful for the manufacturer, as a result of the product-specific services, the shift in the market demand must ________ the shift in the market supply.

A) be less than B) be exactly one -half C) be greater than D) be equal to

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The perfectly competitive firm's demand curve has

A) a negative slope. B) a positive slope. C) an undefined slope. D) a slope of 0.

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Changes in government purchases affect planned spending ________, and changes in taxes and/or transfers affect planned spending ________.

A. directly; directly B. indirectly; indirectly C. directly; indirectly D. directly; not at all

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