Which of the following is an example of a stock rather than a flow?
A. Ana collects $5,000 per month rent on her property that she leases.
B. Brant mows 25 lawns per week.
C. Connie earns $75,000 per year.
D. Derek has $2,568 in his checking account.
Answer: D
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Technological knowledge
a. is the same thing as human capital. b. can be discovered but it can never be kept secret. c. is a determinant of productivity. d. does not play a role in the relationship that economists call the production function.
According to the figure shown, if Adidas charges a low price, then Nike should:
A. leave the market. B. charge a low price. C. charge a high price. D. give an ultimatum.
If the firm is maximizing profits or minimizing losses, it is producing _____ units of output and charging a price of ______.
A. 50 units; $10
B. 50 units; $18.40
C. 60 units; $12
D. 60 units; $16.80
Refer to Table 7-3. Select the statement that accurately interprets the data in the table
A) Mateo has an absolute advantage in making spurs. B) Mateo has an absolute advantage in making saddles and Celeste has an absolute advantage in making spurs. C) Celeste has an absolute advantage in making saddles. D) Mateo has an absolute advantage in making spurs and Celeste has an absolute advantage in making saddles.