Which of the following would an economist classify as capital?
A. A public corporation's employees
B. A share of stock
C. A computer used by an accountant
D. A deposit of silver
C. A computer used by an accountant
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The more liquid markets are the:
A. lower the interest rates, and the higher the amount of investment. B. lower the interest rates, and the lower the amount of investment. C. higher the interest rates, and the higher the amount of investment. D. higher the interest rates, and the lower the amount of investment.
The linear regression equation, Y = a + bX, was estimated. The following computer printout was obtained: Given the above information, the parameter estimate of b indicates
A. a 10-unit decrease in X results in a 213.6 unit increase in Y. B. X increases by 8.03 units when Y increases by one unit. C. X decreases by 21.36 units when Y increases by one unit. D. Y decreases by 2.66 units when X increases by one unit.
Exhibit 5-6 Demand curve for concert tickets
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In Exhibit 5-6, if promoters lower their ticket price from $30 to $20, then:
A. ticket sales will increase but total revenue will decrease because demand is inelastic between $30 and $20. B. both ticket sales and total revenue will increase because demand is inelastic between $30 and $20. C. ticket sales will decrease but total revenue will increase because demand is elastic between $30 and $20. D. both ticket sales and total revenue will increase because demand is elastic between $30 and $20.
A rise in interest rates will cause
A. Investment spending to remain constant. B. A decline in investment spending. C. A rise in investment spending. D. Investment spending to be eliminated from the economy.