The stock of capital ________ with any gross investment and ________ with any depreciation.
A. increases; increases
B. increases; decreases
C. decreases; increases
D. decreases; decreases
Answer: B
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Which of the following measures the performance of smaller stocks in the United States?
a. S&P 500 b. NASDAQ Composite c. Wilshire 5000 d. Russell 2000 e. Goldman Sachs Indices
What is the poverty line in the United States based on?
a. The average purchasing power of a family of three b. The average standard of living in the United States c. Three times the cost of a nutritionally adequate diet d. The cost of housing and food in each state
A change in wages creates a substitution and income effect on the quantity of labor supplied.
Answer the following statement true (T) or false (F)
Based on this graph, the year with the highest surplus took place in the ______.
a. 1940s
b. 1970s
c. 1990s
d. 2000s