The demand curve for capital:
a. shows the positive relation between capital usage and the quantity of capital demanded.
b. shows the positive relation between aggregate output and the quantity of capital demanded.
c. shows the negative relation between rate of inflation and the quantity of capital demanded.
d. shows the positive relation between technological change and the quantity of capital demanded.
e. shows the negative relation between price of capital and the quantity of capital demanded.
e
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An open economy has ________ included in the GDP
A) unemployment B) net exports C) taxation factors D) salary increases
The natural rate of unemployment occurs if there is no:
a. unemployment. b. frictional unemployment. c. structural unemployment. d. cyclical unemployment.
The idea of opportunity cost is relevant
a. only in consumption decisions. b. only in production decisions. c. only in financial decisions. d. in almost any kind of decision.
If the marginal benefit were greater than the cost of a good:
A. producers should decrease production. B. consumers could increase their utility by buying more. C. consumers could increase their utility by buying less. D. social net benefit would be maximized.