The distinction between physical and financial capital is that
A) physical capital is equal to financial capital minus depreciation.
B) financial capital depreciates and physical capital does not.
C) the value of financial capital depends on the amount of available physical capital.
D) physical capital is equal to financial capital plus depreciation.
E) financial capital is used to purchase and operate physical capital.
E
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Which of the following compete to determine whether the current account improves or worsens following a rise in the real exchange rate?
A) appreciation and depreciation B) crowding Out effect and producers effect C) volume effect and value effect D) volume effect and inflation E) producers effect and value effect
Gross domestic product (GDP) decreases if the quantity of illegal drugs sold decreases
a. True b. False Indicate whether the statement is true or false
Cost-push inflation is caused by supply shocks like higher oil prices and poor weather conditions
a. True b. False Indicate whether the statement is true or false
A monopolist who charges a different price for each unit of the commodity sold is called:
a. a perfectly competitive monopolist. b. a natural monopolist. c. a perfectly discriminating monopolist. d. an elastic monopolist.