A nation's capital stock was valued at $500 billion at the start of the year and $575 billion at the end. Consumption of private fixed capital in the year was $35 billion. Assuming stable prices, net investment was ________.
A. $40 billion
B. $75 billion
C. $35 billion
D. $45 billion
Answer: B
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Which of the following would most likely increase the demand for gasoline?
A. the expectation by consumers that gasoline prices will be lower in the future B. the expectation by consumers that gasoline prices will be higher in the future C. an increase in the price of gasoline D. a decrease in the price of gasoline
The health care system in the United Kingdom is often referred to as ________, under which the government owns most of the hospitals and employs most of the doctors
A) a single-payer system B) a universal health insurance system C) socialized medicine D) a private health care system
To engage in economic reasoning, one must compare:
A. marginal cost, sunk cost, and total benefit. B. total cost and total benefit. C. marginal cost and marginal benefit. D. sunk cost and marginal cost.
___ are controllable components of the communication process
Fill in the blank(s) with the appropriate word(s).