Which of the following correctly identifies a difference between land and capital?
A) Land can be owned or rented by a firm, whereas capital cannot be owned.
B) Capital can be owned or rented by a firm, whereas land cannot be owned.
C) Land is created, whereas capital is a naturally occurring resource.
D) Capital is created, whereas land is a naturally occurring resource.
D
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All of the following will lead to a smaller discount factor except which one?
A) a smaller discount rate B) a larger discount rate C) the more interest that can be earned D) the longer the period of time until the future sum of money is received
Figure 3-13
Refer to . The market for margarine was initially in equilibrium at point e. Other things constant, a decrease in the price of butter, a close substitute for margarine, would likely move the equilibrium in this market toward point
a.
r.
b.
s.
c.
t.
d.
u.
Explain how a market for pollutant emission allowances can induce firms to reduce the amount of emissions
What will be an ideal response?
Money demand is given by Md/P = 1000 + .2Y - 1000i.Given that P = 200, Y = 2000, and i = .10, velocity is equal to
A. 0.75. B. 1.33. C. 1.54. D. 0.65.