Suppose Mail Boxes Etc. buys a new copier for its store for $1000. A year later, when the firm wants to upgrade to a new copier, it finds that the old copier is only worth $750. Over the year the copier was used, ________ has occurred
A) replacement investment
B) gross investment
C) depreciation
D) net investment
C
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Suppose the actual budget deficit remains unchanged when the economy falls into a recession. This is an indication that
A) fiscal policy was used during the recession. B) monetary policy was not used during the recession. C) fiscal policy was not used during the recession. D) monetary policy was used during the recession.
Every cost-minimizing producer is profit-maximizing.
Answer the following statement true (T) or false (F)
If the supply curve remains constant, an outward shift in the demand curve for a commodity causes the price of factors used in its production to decline
a. True b. False Indicate whether the statement is true or false
Consider the statement, "The number of hours you slept the night before a test affects your test grade." In this statement
A. both the number of hours slept and test grade are independent variables. B. the number of hours slept is the independent variable and test grade is the dependent variable. C. both the number of hours slept and test grade are dependent variables. D. the number of hours slept is the dependent variable and test grade is the independent variable.