Demand for the services of Los Angeles Dodgers' pitcher Clayton Kershaw is
A. an output demand.
B. horizontal.
C. unrelated to his true productivity.
D. derived from the demand for Los Angeles Dodgers' tickets when Kershaw plays.
Answer: D
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Approximately, the real interest rate ________ the inflation rate ________ the nominal interest rate
A) plus; equals B) equals; plus C) equals; minus D) minus; equals
Real rates of return are
A. not taxed. B. not adjusted for inflation. C. adjusted for inflation. D. used in individual financing and not corporate financing.
The fact that there are too few resources to satisfy all our wants is attributed to
A. Greed. B. Lack of money. C. Shortages. D. Scarcity.
The current account section in a nation's balance of payments includes:
A. its goods exports and imports, and its services exports and imports. B. foreign purchases of domestic assets. C. purchases of foreign assets. D. all of these.