What factors contribute to the high level of productivity of the American worker?
What will be an ideal response?
Productivity is affected by the size of the capital stock, the quality of human capital, factor mobility, technological advance, and our ability to outsource and trade.
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The phenomenon of equipment or structure going through "wear and tear" and eventually becoming obsolete is referred to as:
A) depreciation. B) capital tear. C) intertemporal loss. D) creative destruction.
The __________ market liquidity is, the __________ the bid-asked spread will be
A) higher; wider B) lower; narrower C) higher; narrower D) None of the above.
Firm A producing one good acquires another firm B producing another good. The cross price elasticity of demand for the goods owned by each firm is 2.6 . Holding other things constant, the acquiring firm should
a. Raise prices on both goods b. Lower prices on both goods c. Raise price on the acquired good only d. Need more information
Which are liabilities to a bank?
A. Property and capital stock. B. Capital stock and demand deposits. C. Vault cash and demand deposits. D. Capital stock and reserves.