All of the following, except one, are included in the profit earned by a firm's owners. Which is the exception?
a. the reward for developing new products
b. the reward for moving an established business into new geographic markets
c. the reward for risk taking
d. salaries that compensate for the owners' time
e. dividend payments to the stockholders
D
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Financial innovations can have the effect of
A) only decreasing the demand for money. B) only increasing the demand for money. C) either increasing or decreasing the demand for money depending on what the innovation is. D) increasing the Fed's monetary policy.
Suppose that the United States imposes a tariff of $500 per car on Japanese cars. The most likely effect will be to increase the price of cars in the United States by:
A) less than $500 per car, and decrease the price of cars in Japan by less than $500 per car. B) $500 per car. C) more than $500 per car. D) less than $500 per car without affecting the price of cars in Japan.
Human capital is defined as the
A. Knowledge and skills workers possess. B. Amount of machinery, factories, and buildings an individual owns. C. Dollar value of all the stocks and bonds an individual owns. D. None of the choices are correct.
Refer to the list. As distinct from the supply factors and demand factor of economic growth, the efficiency factor(s) of economic growth is (are):
Use the list below to answer the following question: 1. Improvements in technology. 2. Increases in the supply (stock) of capital goods. 3. Purchases of expanding output. 4. Obtaining the optimal combination of goods, each at least-cost production. 5. Increases in the quantity and quality of natural resources. 6. Increases in the quantity and quality of human resources. A. 1 only. B. 4 only. C. 1 and 3 only. D. 3 only.