All of the following are examples of physical capital EXCEPT
A) buildings.
B) machinery.
C) company stocks and bonds.
D) a hydroelectric power plant.
C)
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Distinguish between the short-run and long-run factors that affect residential investment
What will be an ideal response?
An additional worker will add to the profit of a business, and therefore be more likely to be hired, if the
A. marginal cost of labor is greater than the marginal revenue. B. marginal revenue is less than the price of the output of the business. C. average cost of labor is positive. D. wage is less than the marginal revenue.
IMF conditionality may include
A) changes in the fiscal and monetary policies of the country facing the financial crisis. B) changes in the exchange rate policies. C) regulating and restructuring the financial sector of the economy of the country in crisis. D) political regime change.
A firm produces 300 products with 50 workers and 20 machines. When it doubles its inputs to 100 workers and 40 machines, production more than doubles to 700 products. This is an example of: