Megan is a landscaper. Which of the following are included in her physical capital?
a. her knowledge of landscaping learned in college and her landscaping equipment
b. her knowledge of landscaping learned in college, but not her landscaping equipment
c. her landscaping equipment, but not her knowledge of landscaping learned in college
d. neither her knowledge of landscaping learned in college nor her landscaping equipment
c
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What critical resource is likely to be the culprit for the impending doom of Social Security regarding tax collection? Explain
What will be an ideal response?
A financial market in which only short-term debt instruments are traded is called the ________ market
A) bond B) money C) capital D) stock
Consider a small open economy in equilibrium with a current account deficit
(a) Draw a diagram showing this situation. (b) What happens to national saving, investment, and the current account balance in equilibrium if government expenditures rise temporarily? Show this result in your diagram.
Under perfect capital mobility and a floating exchange rate system, expansionary fiscal policy leads to
a. an increase in income and the interest rate. b. no change in the interest rate and a fall in the trade balance. c. no change in the interest rate and a decrease in income. d. an increase in interest rates and a fall in the trade balance. e. no change in interest rates and the exchange rate.