The physical capital used by a woodworker to make furniture would include:
a) saws and rills
b) wood and glue
c) hard work and time
d) a workshop and money
Ans: a) saws and rills
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A permanent negative supply shock causes stock prices to ________ than they would if the supply shock were temporary
A) fall more B) fall less C) rise more D) rise less
Theory seeks to
a. simplify a complex reality b. confront reality in all its complexity by focusing on the unique aspects of each phenomenon c. explain phenomena without predicting them d. predict phenomena without explaining them e. distort reality in order to improve forecasting ability
Workers earn less than half of the income generated by the production process
a. True b. False Indicate whether the statement is true or false
Your accountant tells you that if you can continue to earn the current interest rate on your balance of $500 for ten years, you will have about $983.58 . If your accountant is correct, what is the current rate of interest?
a. 5 percent b. 6 percent c. 7 percent d. 8 percent