Which question is an example of a macroeconomic question?
A. What is the level of industrial concentration in the U.S. automobile industry?
B. What economic incentives can be used to reduce the cost of health care in the nation?
C. What policies would be recommended for stimulating national economic growth?
D. What market conditions are expected for milk in the nation this year?
Answer: C
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High inflation makes money ________ because ________
A) function better as a store of value; it leads to a more accurate allocation of resources B) function less well as a store of value; the money loses value and therefore has less purchasing power C) function better as a store of value; the money gains value and therefore has greater purchasing power D) function better as a unit of account; money never loses value but it does gain purchasing power in some regions E) function less well as a store of value; it decreases the price level and increases the buying power of money
Patents are ________ barriers to entry and public franchises are ________ barriers to entry
A) legal; legal B) legal; natural C) natural; legal D) natural; natural
The ABC Corporation is contemplating purchasing a new computer system that would yield a before-tax return of 30 percent. The system would depreciate at a rate of 3 percent per year. The after-tax interest rate is 11 percent, the corporation tax rate is 35 percent, and a typical shareholder of ABC has a marginal tax rate of 30 percent. Assume for simplicity that there are no depreciation allowances or investment tax credits. Do you expect ABC to buy the new computer system?
What will be an ideal response?
In economic terminology, the accumulated training and education that workers receive that increases their productivity is referred to as
A) entrepreneurship. B) human capital. C) labor. D) physical capital.