The significance of dead capital is that
A. it costs too much to acquire.
B. it replaces too many workers.
C. its fixed cost is too high.
D. it is difficult to allocate to its most efficient use.
Answer: D
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Refer to the figure below. Let ?X denote the price elasticity of demand at point X. Which of the following describes the relationship between ?A, ?B and ?C?
A. ?A > ?B > ?C B. ?A > ?C > ?B C. ?B > ?C > ?A D. ?C > ?B > ?A
Refer to Mexico and Japan. What is the cost of producing 1 bushel of food in Mexico?
a. 3 hours of labor.
b. 1/2 bolt of cloth.
c. 1/3 bushel of imported Japanese food.
d. 1/4 bolt of imported Japanese cloth.
In the circular-flow diagram, households and firms are the decision makers
a. True b. False Indicate whether the statement is true or false
Open-market operations are:
A. operations that allow any bank to borrow reserves from the Fed at a special interest rate, called the discount rate. B. the purchase and sale of financial instruments on the open market. C. regulations that set the minimum fraction of deposits banks must hold in reserve. D. sales or purchases of government securities, by the Fed, to or from banks on the open market.