The addition to the economy's capital stock can be found by
A. Subtracting net income from gross investment.
B. Subtracting NDP from GDP.
C. Subtracting depreciation from GDP.
D. Subtracting depreciation from gross investment.
Answer: D
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According to the table shown, when 1 unit is produced:
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. marginal costs exceed marginal revenue, and the firm should produce more.
B. marginal revenue exceeds marginal costs, and the firm should produce more.
C. marginal revenue exceeds marginal costs, and the firm should produce less.
D. marginal costs exceed marginal revenue, and the firm should produce less.
A market structure in which only one firm survives because of economies of scale: a. is called a structural monopoly
b. is called a patented monopoly. c. is called a natural monopoly. d. is called a government monopoly.
Graphically show and explain the effects of an improvement in the state of technology
What will be an ideal response?
Refer to the information provided in Figure 4.3 below to answer the question(s) that follow.
Figure 4.3Refer to Figure 4.3. A nonprice rationing system such as queuing must be used to ration the available supply of pencils if the government will not allow retailers to charge more than ________ for a pencil.
A. $0.40 B. $0.45 C. $0.50 D. $0.55