An example of a capital resource is:
a. stock in a computer software company
b. a bond issued by a company selling electric generators.
c. a dump truck.
d. an employee of a moving company.
c
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If a large number of workers are classified as being out of the labor force when they are really looking for work, this will lead to an official unemployment rate that is
A) overstated. B) understated. C) neither overstated or understated. D) unbiased.
Which of the following is NOT correct about a single-price monopoly?
A) Maximum profit is found where demand is the most inelastic. B) Marginal revenue is negative when demand is inelastic. C) Marginal revenue is positive when demand is elastic. D) To sell more output, the firm must lower its price. E) To maximize its profit, the firm produces so that marginal revenue equals marginal cost.
For which of the following goods is demand most sensitive to interest rate changes?
a. Refrigerators b. Shoes c. Corn d. Textbooks e. Motor oil
The demand curve for any input is the downward-sloping portion of its marginal revenue product curve
a. True b. False Indicate whether the statement is true or false