The best example of an increase in capital is:
A) The discovery of new oil reserves.
B) new computer software.
C) legal immigration of computer programmers.
D) conversion of military facilities to civilian uses.
Ans: B) new computer software.
You might also like to view...
In the short run, a monopolistically competitive firm chooses
A) both its price and its quantity. B) its price but not its quantity. C) its quantity but not its price. D) neither its price nor its quantity.
Firms cannot resemble
A) incomplete contracts. B) democracies. C) an organization without externalities. D) a benevolent dictator.
A bank which must hold 100 percent reserves opens in an economy that had no banks and a currency of $150 . If customers deposit $50 into the bank, what is the value of the money supply?
a. $50 b. $100 c. $150 d. $200
When production of a good results in an external cost, the unregulated competitive market equilibrium quantity is
A) the efficient level of output. B) greater than the efficient level of output. C) not zero but is less than the efficient level of output. D) unattainable. E) zero.