Which of the following is not an example of a capital input?
A. ?A person's skills and abilities, which can be employed to produce valuable goods and services.
B. ?Factories and offices where goods and services are produced.
C. ?Tools and equipment.
D. ?Computers used by a company to record inventory, sales, and payroll. ?
Answer: A
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Explain the concept of zero lower bound
What will be an ideal response?
"A bank can only use its excess reserves to make loans, while required reserves can only be used to buy U.S. government securities." Explain whether the previous statement is correct or incorrect
What will be an ideal response?
Which of the following are primary concerns of the bank manager?
A) maintaining sufficient reserves to minimize the cost to the bank of deposit outflows B) extending loans to borrowers who will pay low interest rates, but who are poor credit risks C) acquiring funds at a relatively high cost, so that profitable lending opportunities can be realized D) maintaining high levels of capital and thus maximizing the returns to the owners
According to the theory of adaptive expectations, if the inflation rate has been 4.2 percent for the last ten years, people will expect next year's inflation rate to be:
a. 4.2 percent. b. higher than 4.2 percent. c. lower than 4.2 percent. d. 0; that is, they will expect no inflation. e. 8.4 percent.