Depreciation represents
A. The consumption of capital in the production process.
B. Wasted capital.
C. Gross investment plus net investment.
D. A loss of productive capability as a result of the inefficient use of resources.
Answer: A
You might also like to view...
In a perfectly competitive market that is in long-run equilibrium, a permanent leftward shift in the market demand curve
A) raises the price in the short run. B) raises profits in the short run. C) leads to new firms entering the market in the long run. D) lowers the price at first but then raises it as firms leave the market.
Which of the following is likely to increase the supply of labor?
a. a decrease in the population b. a relaxation of restrictions on immigration c. a decrease in fringe benefits d. an increase in the value placed on leisure
Which of the following were descendants of the Standard Oil Trust?
A. Exxon B. Mobil C. Marathon Oil D. All of the choices are correct.
In a simple economy with no government, aggregate expenditure is
A. consumption plus investment. B. MPC + MPS. C. saving plus investment. D. consumption plus the MPC.