Panasonic sends its HDTV salespeople to training sessions. This is an example of
A) a macroeconomic decision.
B) scarcity.
C) a firm investing in workers' human capital.
D) entrepreneurshi
C
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What factor probably contributes most to economic growth?
A) Money B) Political influence C) Foreign aid and investment D) The exploitation of poor countries by rich countries E) Productive knowledge
M2 includes:
a. Any financial assets that can be spent on real goods and services. b. Checking accounts plus Deposits at the central bank. c. Currency in circulation + Reserves of financial intermediaries (e.g., banks) + Checking Accounts + Near Money. d. Currency in circulation + Checking Accounts e. Currency in circulation + Checking Accounts + Near Money.
If the interest rate is positive, the present value of $1000 to be received in ten years is
A. equal to $1000. B. either greater than $1000 or less than $1000, depending upon the interest rate C. less than $1000. D. greater than $1000.
Refer to Scenario 7.5 below to answer the question(s) that follow.SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.Refer to Scenario 7.5. Your economic profit last year was
A. -$20,000. B. -$10,000. C. $15,000. D. $35,000.