The rate of discount is best described as the rate of
A) return on physical capital after the cost of capital has been removed.
B) return on financial assets after an inflation adjustment has been made.
C) interest used to derive the present values of future sums.
D) return on financial capital that has not been adjusted for inflation.
C
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Consider the following events:
I. Samsung hires associates to market their HDTV sets to Best Buy. II. The Dallas Cowboys build a new football stadium. III. eBay fires 10 percent of its workforce. IV. Ten million stocks were traded on the New York Stock Exchange in one day. V. Pennsylvania builds a new state park. Which of the events describe use of factors of production? A) I, II, III, and V B) II, IV, and V C) I and III only D) IV only
Refer to Figure 17-2. The nonaccelerating inflation rate of unemployment, or NAIRU, is associated with which point rate in the figure above?
A) A B) B C) C D) all of the above
The demand for shoes is ___________________ than is the demand for sneakers because __________________.
A. less price elastic; the scope of the market for shoes is less broadly defined B. more price elastic; the scope of the market for shoes is less broadly defined C. less price elastic; the scope of the market for shoes is more broadly defined D. more price elastic; the scope of the market for shoes is more broadly defined
In Figure 42.1, what is the price a regulated monopolist will charge (assuming the regulator strives for zero economic profit)? 
Figure 42.1
A. P1 B. P2 C. P3 D. P4