The using up of capital when producing the year's output is called:
A. indirect business taxes.
B. investment.
C. inventory reduction.
D. depreciation.
Answer: D
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The price of one good changes and Sue is now at a point on her indifference curve where the marginal rate of substitution exceeds the relative price. Sue will now choose to buy ________ of the good that is measured on the ________
A) more; x-axis B) more; y-axis C) the same quantity; x-axis D) less; x-axis
Output supply is increasing in the interest rate because
A) labor demand is increasing in the interest rate. B) labor demand is decreasing in the interest rate. C) labor supply is increasing in the interest rate. D) labor supply is decreasing in the interest rate.
"The unemployment rate in the city of Gotham for the year 2014 is 5%.". Do you think the unemployment statistic for the city of Gotham is accurate? Explain your answer with proper reasons
According to most economists, the development of markets is:
A. both a necessary and a sufficient condition for development. B. a sufficient condition for development but not a necessary condition. C. a necessary condition for development but not a sufficient condition. D. neither a necessary nor a sufficient condition for development.