Refer to Figure 8A.1. When the economy reaches K
A) economic growth through capital deepening continues to increase.
B) capital stock increases.
C) depreciation equals saving.
D) depreciation is zero.
C
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Joe's hotdog stand merges with a company that supplies the condiments to Joe's. This is an example of
A) conglomerate merger. B) concentration ratio. C) vertical merger. D) horizontal merger.
What is the modern view of the Phillips curve?
What will be an ideal response?
Which of the following would shift the supply curve for MP3 players to the left?
A) an increase in the price of an input used to produce MP3 players B) a decrease in consumer tastes for MP3 players C) an increase in the number of firms that produce MP3 players D) an increase in the productivity of the workers who produce MP3 players
You own an oil painting that increases in value by $12,000 but you do not sell the painting. The $12,000 is counted as ________ income.
A. taxable income but not economic B. neither taxable nor economic C. both economic and taxable D. part of economic income but not part of taxable