Taking out a mortgage to buy a condo, buying a mutual fund, and building a new factory are all examples of investment
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to Table 2-19. What is Wilma's opportunity cost of making a statue?
A) 3 benches B) 1/3 of a bench C) 6/7 of a statue D) 1/2 of a bench
Getting more output from a given amount of inputs is usually the result of increases in
a. the labor force. b. technology. c. the capital stock. d. investment.
The Federal Reserve has estimated that over ______ of all the U.S. currency being printed ends up being used as unofficial legal tender abroad.
A. one-fourth B. one-third C. one-half D. two-thirds
Asymmetric information in a market transaction occurs when there is unequal knowledge possessed by the:
A. Buyer and the government B. Seller and the government C. Taxpayer and the government D. Buyer and the seller