An example of physical capital is:
A. a construction worker's strength.
B. a scientist's knowledge of cellular biology.
C. Both of these are examples of physical capital.
D. Neither of these is an example of physical capital.
D. Neither of these is an example of physical capital.
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Under a floating exchange-rate regime, following an expansion in the country's money supply, the country's monetary authority
A. must buy foreign currency in the foreign exchange market. B. may not intervene in the foreign exchange market. C. will be forced to reverse the monetary expansion. D. must buy domestic currency in the foreign exchange market.
A decrease in the value of a currency is called a(n)
A) depreciation. B) integration. C) appreciation. D) consolation.
Assuming the market of soda has a regular downward sloping demand curve and upward sloping supply curve, the tax will ________ the price paid by buyers and ________ the price received by sellers
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
The chain-reaction game
A. was cancelled on network TV. B. counts secondary benefits without counting secondary costs. C. compounds a bad decision by making more bad decisions, causing unwanted projects to get funded. D. is double-counting of benefits.