In economics, capital refers to:
A.) Money.
B.) Savings put aside for future investment.
C.) Goods that can be used to produce other goods.
D.) The value of a corporation's assets.
C.) Goods that can be used to produce other goods.
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A falling natural-employment deficit indicates that
A) the growth rate in the economy has increased. B) the government is following a restrictive fiscal policy. C) the government is following an expansionary fiscal policy. D) the actual surplus is rising.
What is the “cost disease of personal services” phenomenon and why does it help explain why tuition rates keep going up so fast?
What will be an ideal response?
The demand for a resource is derived mainly from the demand for ___________.
Fill in the blank(s) with the appropriate word(s).
According to the text, the 17 countries with high degrees of economic freedom
A. account for less than 20 percent of total world output. B. account for 80 percent of total world output. C. have low productivity. D. have the weakest economies.