For economists, ____________ goods include all manufactured aids used in producing consumer goods and services.
Fill in the blank(s) with the appropriate word(s).
capital
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Which adjustment(s) must be made to convert net domestic product to GDP?
i. add indirect taxes ii. subtract subsidies iii. add depreciation A) i, ii and iii B) i and ii C) iii only D) i and iii only E) ii only
If two consumption points are not on the same indifference curve, then one point is ________
A) a substitute for the other point B) unaffordable and the other is affordable C) preferred to the other D) more expensive than the other
Comparing the situation of a nominal interest rate of 10 percent and an inflation rate of 9 percent with a nominal interest rate of 6 percent and inflation rate of 2 percent, consumers would borrow more in which situation?
A) Nominal interest rate of 10 percent since real interest rate is 1 percent. B) Nominal interest rate of 6 percent since the real interest rate is 4 percent. C) Nominal interest rate of 10 percent since the real interest rate is 9 percent. D) Nominal interest rate of 6 percent since the real interest rate is 2 percent.
Corporations often raise funds for business activities by the sale of shares of existing common stock.
Answer the following statement true (T) or false (F)