Capital goods are
A) a type of intermediate good.
B) final goods, because they are not used up during a given year.
C) produced in the same year as the related final good, whereas intermediate goods are produced in different years.
D) produced in one year, whereas final goods are produced over a period of more than one year.
B
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The portfolios that mutual funds offer to savers are
A) usually made up of bonds. B) usually made up of common stocks. C) tax free in most states. D) usually more liquid than the underlying assets.
If a person chooses self-sufficiency, then she can only consume what she produces
a. True b. False Indicate whether the statement is true or false
When economic profits are negative, accounting profits
A) must be positive. B) will be negative. C) will equal zero. D) could be positive, negative or zero.
If lenders refuse to state the debt in terms of dollars, then dollars are NOT a
A. medium of exchange. B. unit of accounting. C. store of value. D. standard of deferred payment.