Which of the following is not considered capital?
A. a factory a company builds to produce other output
B. 10,000 U.S. dollars
C. a tractor produced by John Deere
D. the knowledge an individual acquires through education
Answer: B
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Which of the following institutions is NOT a depository institution?
A) the U.S. Treasury B) a commercial bank C) a money market mutual fund D) a thrift institution, such as a savings and loan association
What is the difference between a money price and a relative price? When the demand and supply model predicts that the price of coffee will rise, is the model predicting that the money price rises or the relative price rises?
What will be an ideal response?
Marginal cost is the additional cost incurred as a result of making an economic decision
a. True b. False Indicate whether the statement is true or false
Positive statements can be evaluated using data alone, but normative statements cannot
a. True b. False Indicate whether the statement is true or false