All of the following are resources EXCEPT
A. doctors because they perform services.
B. money.
C. the computer in the student computer lab.
D. the land the Statue of Liberty sits on.
Answer: B
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At one time, policymakers interpreted the Phillips curve as offering a menu of inflation–unemployment choices. Today, the curve is no longer viewed this way. Why has the interpretation changed?
What will be an ideal response?
An option that gives the owner the right to buy a financial instrument at the exercise price within a specified period of time is a
A) call option. B) put option. C) American option. D) European option.
The intertemporal substitution of leisure effect is used to justify the assumption that current labor supply increases when the
A) current real wage increases. B) current real wage decreases. C) real interest rate increases. D) real interest rate decreases.
Increasingly, foreign aid from the United States to less-developed countries has been in the form of grants
Indicate whether the statement is true or false