Which of the following is an example of a capital input?
a. a computer
b. a share of stock
c. an hour of a worker's time
d. $50,000
a
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Refer to the above figure. Suppose demand is D2 and then increases to D3. The change in economic rent is
A) zero. B) area CIHF. C) area CIGO. D) area BJC.
Unused lines of credit on credit cards are part of M2
a. True b. False Indicate whether the statement is true or false
Tom is a castaway who washes up on a remote island. He can kill eight birds per hour or catch ten fish per day. The natives on the island can kill ten birds per day or catch twenty fish per day. According to comparative advantage, a. Tom should kill more birds and fish less, then trade birds for fish. b. Tom should kill fewer birds and fish more, then trade fish for birds. c. Both, Tom should
kill more birds and fish less. d. Both, Tom should kill fewer birds and fish more.
____ has(have) traditionally been the chief instrument of environmental policy in the United States
a. Taxes on pollution b. Voluntary compliance c. Tradable emissions permits d. Direct controls