Capital stock is defined as the retail value that was paid for a firm's productive assets.
Answer the following statement true (T) or false (F)
False
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The fundamental force driving international trade is comparative _______
A. advantage: a country exports those goods that have high prices B. abundance: the country that produces more than it needs exports the good C. advantage: the country with the lower opportunity cost of production exports the good D. cost: a country trades with other countries that produce cheaper goods
It is in society’s best interest that the MC of the last unit produced of a good is equal to its MU.
Answer the following statement true (T) or false (F)
The present value of a payment of $500 to be made two years from today is greater if the interest rate is 7% than if it is 6%
a. True b. False Indicate whether the statement is true or false
You borrow $10,000 from a bank for one year at a nominal interest rate of 5%. The CPI over that year rises from 180 to 200. What is the real interest rate you are paying?
A) 15% B) 5% C) -1.1% D) -6.1%