Sandra uses her sewing machine, thread, and yards of denim to produce jean skirts. The sewing machine is an example of
a. labor
b. physical capital.
c. human capital.
d. natural resources.
b
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________ consumption is consumption that does not depend upon the level of GDP.
A) Autonomous B) Induced C) Voluntary D) Disposable
Social Security taxes are paid by
A) employers only. B) employees only. C) both employers and employees. D) neither employers nor employees.
Two goods that are substitutes are:
a. bacon and eggs. b. camera and film. c. tennis racket and tennis balls. d. movie theater tickets and video rentals. e. coffee and cream.
Which of the following statements about mutual funds is correct?
a. A mutual fund is a financial intermediary. b. A mutual fund acquires its funds primarily by selling shares to the public. c. People who buy shares from a mutual fund accept all of the risk and return associated with the mutual fund's portfolio. d. All of the above are correct.