Investment is a(n) ____ and capital is a ____ variable.
A. physical; financial
B. stock; flow
C. asset; liability
D. flow; stock
Answer: D
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While tariff levels have been falling over the past several decades, nontariff barriers have been used increasingly
Indicate whether the statement is true or false
In foreign exchange markets, a U.S. resident who imports New Zealand apples is:
a. a demander and supplier of New Zealand dollars. b. a demander and supplier of U.S. dollars. c. a demander of New Zealand dollars and a supplier of U.S. dollars. d. a supplier of both New Zealand dollars and U.S. dollars. e. a supplier of New Zealand dollars and a demander of U.S. dollars.
You are part of a local community theater group. It is the goal of the group to increase the amount of revenue earned through ticket sales. Mary says the obvious solution is to increase ticket prices. Is Mary correct?
A. Mary is correct if the demand for tickets is price inelastic. B. Mary is incorrect if the demand for tickets is price inelastic. C. Mary is correct. The increase in ticket prices will always increase revenue. D. Mary is incorrect. The increase in ticket prices will never increase revenue.
If Nepal is a net importer of computers, free trade will hurt the
A. domestic consumers of computers. B. rich citizens of Nepal. C. poor citizens of Nepal. D. domestic producers of computers.