The rental price of capital is the price a person pays to own the capital indefinitely
a. True
b. False
Indicate whether the statement is true or false
False
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Team production is a production process in which
A) pay is based on group output. B) individuals specialize in mutually supportive tasks. C) competing groups perform identical tasks. D) individuals rotate from one task to another.
The exchange rate is
a. another term for "interest rate." b. another term for "growth rate." c. the rate at which goods trade for one another across international borders. d. the price of one currency in terms of another currency.
Keynes believed
A. increases in investment expenditures are due to lower interest rates. B. increases in investment expenditures are due to high profit expectations. C. increases in investment expenditures are due to excessive funds in the loanable funds market. D. since supply creates its own demand, increases in investment expenditures creates additional supply and therefore more demand and earnings for the businesses.
The natural rate of unemployment occurs if there is no:
A. unemployment. B. frictional unemployment. C. structural unemployment. D. cyclical unemployment.