Each of the following is an example of capital, except
A. an office building.
B. gold.
C. an assembly line.
D. a computer system
B. gold.
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Economic profit is the difference between total revenue and
A) the normal profit. B) interest costs of production. C) opportunity costs of production. D) the costs of resources bought in markets.
If the demand for the yen increases relative to the dollar, which of the following would occur?
A) The dollar will depreciate. B) The demand for the dollar will increase. C) The yen will depreciate. D) The dollar will appreciate.
A planned economy would require decisions on the basis of
a. input-output tables b. corporate profits c. cost-benefit analysis d. government decisions e. all of the above
Which of the following is considered to be a cost of information?
a. The price of the commodity for which information is collected. b. The time spent to collect the information. c. The difference in price charged by different sellers for the same commodity. d. The difference in price paid by different buyers for the same commodity.