Which of the following would be categorized as capital resources for a college or university?
a. water, trees, and the acreage a campus rests on
b. chalkboards, overhead projectors, and computers
c. exams, fuel oil (which heats the buildings), and electricity
d. the work effort of registrars, clerical assistants and teaching assistants
b
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In macroeconomic modelling, as price flexibility increases ________
A) the short-run aggregate supply schedule will get flatter B) the short-run aggregate supply schedule will get steeper C) the short-run aggregate supply schedule will shift to the right D) the short-run aggregate supply schedule will shift to the left
If the prices of all goods increase by the same proportion as income, the quantity demanded of good x will:
a. decrease. b. increase. c. remain unchanged. d. change in a way that cannot be determined from the information given.
A demand shift is a change in the amount sellers want to supply at various prices.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point C to Point B, ________ additional LCD TVs could be produced when the production of OLED TVs is reduced by 20.
A. exactly 30 B. exactly 60 C. fewer than 30 D. more than 30