Those goods produced by the economic system that are used as inputs in the production of future goods and services are known as capital.
Answer the following statement true (T) or false (F)
True
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The only decision that a perfectly competitive firm makes is:
a. what price to charge. b. what quantity to produce. c. how much to spend on advertisements. d. how much to discriminate on the basis of price. e. how to differentiate its products from its rivals.
Explain why using leverage to purchase risky securities is so popular
Treasury Bonds are
a. both a store of value and a medium of exchange. b. a store of value, but not a medium of exchange c. a medium of exchange, but not a store of value. d. neither a store of value nor a medium of exchange.
According to Okun's law, an increase in the unemployment rate will cause ________ in the level of employment and ________ in the level of output.
A. a decrease; a decrease B. an increase; a decrease C. an increase; an increase D. a decrease; an increase