Which of the following does not directly affect the optimal stock of capital?
a) the price of output
b) the marginal product of labor
c) the depreciation rate
d) the risk premium
e) taxes
b) the marginal product of labor
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According to the real-business-cycle perspective
A) the economy cannot be stabilized by policy activism. B) the Phillips curve is very important. C) passive policy making is important. D) active policy making is important.
The fiscal year
A. Is the 12-month period used for federal government accounting purposes. B. Is the period during which the government must balance the budget. C. Begins in January for the federal government. D. None of the choices are correct.
In your last vacation trip to Cancún, Mexico, you spent $1,000. This amount is recorded in the:
A. balance of merchandise trade as an import. B. balance of trade as an export. C. balance of trade as an import. D. balance of merchandise trade as an export.
When you see a preview of a coming movie at the movie theater, this is
A) informational advertising. B) direct market advertising. C) indirect market advertising. D) persuasive advertising.