Dead capital refers to

A. a capital resource that lacks clear title ownership.
B. a capital resource jointly owned by more than one person.
C. a capital resource whose owner is deceased.
D. a capital resource that has no more useful life.


Answer: A

Economics

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Refer to Figure 4-1. Arnold's marginal benefit from consuming the fourth burrito is

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Refer to the payoff matrix below. If each cell has a probability of occurrence of 0.25, what are Healthy Snacks' expected profits?


Healthy Snacks and Best Treats are two firms competing in the health food snacks market. Both are considering introducing a new health food snack made purely of dried power fruits. The payoff matrix shows their net economic profit in millions for the different strategies.

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A . If Orde Windgate withdraws $4,00 . from the First Bank of Chicago and deposits it in a new account at the Second Bank of Chicago, explain how much money the Second Bank of Chicago can create if the legal reserve requirement is 10 percent. b. Will this transaction increase the amount of money that the banking system as a whole can create? Explain

Economics

Candidate A says, "Health care is too expensive in the United States. We need to do something-and quickly-to develop a better, more responsive, less expensive health care system." Candidate B, who is running against candidate A in a two-person race, says, "Health care is too expensive in the United States. We need to do something about it and quickly. I suggest that we have the federal government

develop a centralized system for delivering health care in this country." If you know nothing else about the two candidates, it follows that A) candidate A has taken polls and candidate B has not. B) candidate B has taken polls and candidate A has not. C) candidate B is smarter than candidate A. D) candidate B has a higher probability of winning the election than candidate A. E) candidate A has a higher probability of winning the election than candidate B.

Economics