Capital goods yield benefits
A. over their life span.
B. before they are put to use.
C. in the present only.
D. as soon as the investment decision is made.
Answer: A
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When exchange rates are set by government decree,
a. appreciation is called devaluation. b. depreciation is called devaluation. c. depreciation is called deflation. d. appreciation is called inflation.
Trade-offs force society to make choices when answering what three fundamental questions?
What will be an ideal response?
If the U.S. dollar depreciates, it becomes cheaper for U.S. residents to travel in foreign countries
a. True b. False
A family on a trip budgets $800 for sit-down restaurant meals and fast food. If the price of a fast food meal for the family is $20, how many such meals can the family buy if they do not eat at restaurants?
a. 8 b. 15 c. 20 d. 40 e. 160