The economy's level of output depends upon (1) the
a. amount of land and capital available for labor to use and (2) the state of technology and types of inputs available
b. cost of land and capital and (2) the cost of labor
c. availability of land and (2) the availability of capital
d. state of technology and (2) the cost of land
e. state of technology and (2) the types of inputs available
A
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The main center of the Eurodollar market is
A) London. B) Basel. C) Paris. D) New York.
The term capital budgeting refers to decisions
A) which are made in the short run. B) which concern the spreading of expenditures over a period lasting less than one year. C) where expenditures and receipts for a particular undertaking will continue over a relatively long period of time. D) where a receipt of cash will occur simultaneously with an outflow of cash.
U.S. patent laws establish property rights for inventors of new products
a. forever b. until a superior invention comes along c. for 3 years d. for 10 years e. for 20 years
With loose enforcement of a rent ceiling, ______.
Fill in the blank(s) with the appropriate word(s).