The local Allied Moving Company begins this year with capital equal to $250,000. During the year the firm depreciates $150,000 worth of its capital and ends the year with capital equal to $250,000
Which statement correctly summarizes Allied Moving Company's investment?
A) Allied Moving Company made gross investment of $250,000 during the year.
B) Allied Moving Company made no net investment during the year.
C) Allied Moving Company made no gross investment during the year.
D) Allied Moving Company made no capital investment during the year.
E) Allied Moving Company made net investment of $150,000 during the year.
B
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Which pair of groups benefits from an import quota when quota rights are given away without charge?
a. domestic and foreign producers b. domestic producers and foreign consumers c. domestic government and foreign consumers d. domestic government and producers e. foreign consumers and producers
Economic mobility in the United States is so great that fewer than
a. 3 percent of families are poor for 8 or more years. b. 5 percent of families are poor for 8 or more years. c. 8 percent of families are poor for 8 or more years. d. 10 percent of families are poor for 8 or more years.
International trade is based on the existence of
A) absolute advantage. B) perfect advantage. C) productivity advantage. D) comparative advantage.
Refer to the accompanying table. Pat's opportunity cost of making a pizza is delivering: Pizzas Made Per HourPizzas Delivered Per HourCorey126Pat1015
A. 3/2 of a pizza. B. 2 pizzas. C. 2/3 of a pizza. D. 3 pizzas.