What is the difference between stock and flow measures?
What will be an ideal response?
Stock measures are valued at a particular point in time, while flow measures are valued over a period of time.
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Why do you supposed that it is easier for a government to protect and maintain a domestic monopoly for a particular industry but next to impossible to accomplish if this firm operates internationally?
What will be an ideal response?
Financial capital by itself is not a factor of production; instead it is only a paper claim on economic capital
a. True b. False Indicate whether the statement is true or false
Which of the following assets is the most liquid?
a. Money. b. Gold. c. Land. d. Stocks.
A decrease in the quantity of available resources would be represented by:
a. a steeper PPC. b. a point inside the PPC. c. an inward shift of the PPC. d. an upward movement along the PPC. e. a downward movement along the PPC.