Which of the following is least likely to be considered a capital input?
A) a sewing machine
B) a tractor
C) a telephone
D) a ten dollar bill
D
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Net capital outflow (NCO) is:
A. capital inflow ? capital outflow. B. capital outflow ? capital inflow. C. foreign dollars invested domestically. D. domestic dollars invested internationally.
Which of the following is not an example of a transfer payment?
A. social security. B. sales tax. C. unemployment benefits. D. workman’s compensation.
When determining equilibrium using supply and demand, the concept of ceteris paribus is used. The term ceteris paribus means
a. other things being equal. b. allowing things to change. c. other things being different. d. time and space considered.
The largest U.S. economic downturn between 1890 and the present occurred during which of the following events?
a. The Buffalo Head Nickel Panic b. The Rich Man's Panic c. The Great Depression d. The Great Banana Crisis of 1897