Which of the following is best characterized as being nonrivalrous?
A) consumption goods
B) services
C) physical capital
D) knowledge
D
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Which of the following is the most liquid asset?
A) currency B) shares of stock C) short-term treasury bonds D) small denomination time deposits
Refer to the scenario above. What is the expected value of the game?
A) $20 B) $50 C) $100 D) $300
You operate a factory that produces beach towels. Your current level of output equals 2,000 towels per week. Your weekly variable cost equals $8,000 . If your total cost each week equals $9,000 . it follows that:
a. the average variable cost of production equals $2 per towel. b. the average total cost of production equals $4 per towel. c. the average total cost of production equals $4.50 per towel. d. the average total cost of production equals $8 per towel.
In 2018, expected inflation exceeded inflation. In 2019, inflation exceeded expected inflation. Therefore the real interest rate was ________ than the expected real interest rate in 2018 and the real interest rate was ________ than the expected real interest rate in 2019.
A. less; greater B. greater; greater C. greater; less D. less; less