Expansion of factories, investment in new computers and/or equipment are processes of capital formation.
Answer the following statement true (T) or false (F)
True
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A market system solves the
A. “what” and “how” decisions but not the “to whom.” B. “what” and “to whom” decisions but not the “how.” C. “how” and “to whom” decisions but not the “what.” D. “what,” “how,” and “to whom” decisions.
A revaluation of the exchange rate is a policy action that
A) increases the real exchange rate. B) decreases the real exchange rate. C) increases the nominal exchange rate. D) decreases the nominal exchange rate.
A good would not be very suitable to use as money if it
a. is portable because it is needed as a store of value b. is divisible because each unit of money should have the same value c. is scarce because we need more money as the economy grows d. is commonly accepted as a medium of exchange because everyone will hoard it e. lacks uniformity because the money supply would be of varying quality and people will hoard the preferred money and circulate only the less preferred
The last two decades in the United States have seen
a. a fall in real wages. b. an increase in labor-force participation. c. growth in service sector employment. d. All of the above are correct.