Factory buildings are an example of:
A. entrepreneurial capital.
B. social capital.
C. human capital.
D. physical capital.
Answer: D
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Refer to the table above. Country A has an absolute advantage in
A) beer. B) wine. C) both beer and wine. D) neither beer nor wine.
Consider the production function for bottled water. All of the following would be considered variable inputs except:
A) the plastic bottles. B) the water the bottles are filled with. C) the machine used to fill each bottle. D) the electricity used to power the machine used to fill the bottles.
Higher rates of investment spending contribute most to higher levels of
a. political progress. b. consumption spending. c. technological progress. d. government development.
The equilibrium in the market for loanable funds is:
A. where the amount being saved is enough for banks to cover required reserves. B. at the price at which the quantity supplied is slightly greater than quantity demanded. C. where the amount being borrowed and the amount being saved is the same. D. at the interest rate set by the Fed.