Which of the following would not be considered an internal force that helps move the economy out of a trough?
a. the replacement of worn-out capital
b. higher interest rates
c. the replacement of depleted inventories
d. costs falling lower than prices
b. higher interest rates
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Which of the following examples can be associated with the task specificity aspect of an asset?
a. An employer's investment in employee skill building. b. Purchasing machines which can be used to produce only a particular product. c. Building a facility in a low cost locality. d. An employer's investment in office renovation.
A bank's balance sheet can show a negative net worth and yet its income statement can show a profit for the year
a. True b. False
In a centrally-planned economy, economic activity is guided by ______
Fill in the blank(s) with correct word
Demand
What will be an ideal response?