Which of the following is NOT considered an example of a capital good?
A) a miner's cap
B) a GPS tracking device
C) an airport kiosk
D) a U.S. government bond
E) a stethoscope
D
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Higher employment taxes lead to lower levels of employment
Indicate whether the statement is true or false
During a mild winter, the price of home heating oil is expected to be less than it would be during a normal winter
What will be an ideal response?
In game theory, a strategy
A) is useless, because firms are subject to bounded rationality. B) is useful in static games, but not in dynamic games. C) defines the specific actions a firm will make. D) determines the payoff matrix of the game.
If the opportunity cost of producing a good domestically exceeds the opportunity cost of purchasing it on the world market, a country can gain by
A. decreasing production and increasing imports. B. increasing production and decreasing imports. C. decreasing production and increasing exports. D. increasing production and decreasing exports.