Which of the following is counted as "capital" in economics?
A) the money people have
B) the machines that workers have to work with
C) the labor force
D) the wealth people have
Answer: B
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Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500Real GDP per capita ________ between 2008 and 2009.
A. remains constant B. increases C. decreases D. cannot be calculated
The most important indirect taxes in the United States are
a. federal and state income taxes. b. inheritance taxes. c. corporate profits taxes. d. sales and property taxes.
Rank the following state and local government expenditure categories from smallest to largest
a. education, health, highways b. education, highways, health c. highways, health, education d. health, education, highways.
Refer to the data provided in Table 9.1 below to answer the question(s) that follow.
Table 9.1
Refer to Table 9.1. If the market price is $42, then for this firm to maximize profits it should produce ________ units of output and its profits will be ________.
A. five; $70 B. six; $70 C. six; $120 D. seven; $58