Which of the following is NOT a capital good?
A. A new house purchased by a family
B. A new apartment building purchased by a corporation
C. Machines purchased by a car manufacturer to measure metal thicknesses
D. Batteries purchased by a car manufacturer to install in new cars
Answer: D
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A steep slope in a time-series graph means the variable is
A) high. B) falling. C) rising or falling quickly. D) rising or falling slowly. E) very close to its trend point.
Net exports is a positive number when:
a. A nation's exports of goods and services are greater than its imports b. A nation's imports of goods and services are greater than its exports c. A nation's exports of goods and services fall d. A nation's imports of goods and services rise
You are a manager in a perfectly competitive market. The price in your market is $14. Your total cost curve is C(Q) = 10 + 4Q + 0.5Q2. What will happen in the long run if there is no change in the demand curve?
A. There will be neither entry nor exit from the market. B. Some firms will enter the market eventually. C. Some firms will leave the market eventually. D. None of the answers is correct.
The opportunity cost of holding money
A. is based on the fiduciary monetary system. B. is measured by the alternative interest yield obtainable by holding some other asset. C. equals the amount paid for renting a house instead of buying it. D. refers to the amount of paper currency held by the Fed.