List the major categories of tangible capital
What will be an ideal response?
(1.) Nonresidential structures.
(2.) Durable equipment.
(3.) Residential structures.
(4.) Inventories.
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An economist is conducting a survey to evaluate a program launched by the government
He ends up collecting data on those households that were adversely affected by the program, reaffirming his own belief that the program has been largely unsuccessful. This is an example of a(n) ________. A) confirmation bias B) attentional bias C) attenuation bias D) distinction bias
The speculative motive for holding money reflects the behavior of people who hold money
a. instead of near money b. to transact purchases they expect to make c. as insurance against unexpected needs d. to speculate in the stock market e. to take advantage of anticipated or hoped for changes in interest rates
Which would shift the aggregate demand curve? A change in:
A. net export spending. B. the legal-institutional environment. C. input prices. D. the prices of imported resources.
Suppose a government is considering imposing either a tariff or a quota on imported grain, and either policy will result in exactly 750 tons of grain being imported. How do these policies differ?
A. The quota will generate revenue for the firms that hold import licenses, while the tariff will generate revenue for the government. B. Domestic production will be higher with the quota than with the tariff. C. The price of grain under the quota will be higher than the price under the tariff. D. The price of grain under the tariff will be higher than the price under the quota.