The total amount of physical capital available in a country is know as the country's
A) capital stock. B) investment. C) savings. D) labor productivity.
A
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In the capital and financial account, the largest category of international transactions is
A) statistical discrepancy. B) net transfers. C) net interest. D) exports and imports. E) foreign investment in the United States.
If Lake Boats charges an annual membership fee of $1,200 for the use of a boating slip (a place to store a boat) and charges a $50 fee each time a member docks their boat, this is an example of ________.
A) two-part pricing B) an all-or-nothing offer C) a single pricing scheme D) commodity bundling
The consumer price index (CPI) tends to understate the true rate of inflation
a. True b. False Indicate whether the statement is true or false
If expansion of an industry's output causes a downward shift of firms' average total cost curves,
a. each firm earns a long-run economic profit b. all of the following are correct c. there will be long-run economic profits d. it is a decreasing-cost industry e. it is an increasing-cost industry