Capital goods are
A. produced in one year, whereas final goods are produced over a period of more than one year.
B. final goods, because they are not used up during a given year.
C. produced in the same year as the related final good, whereas intermediate goods are produced in different years.
D. a type of intermediate good.
Answer: B
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M1 includes
A) currency, checking deposits and traveler's checks. B) money, stocks and bonds. C) money, checking deposits and traveler's checks. D) money market mutual funds, stocks and bonds.
The per-worker production function is ________
A) upward-sloping B) downward-sloping C) vertical D) horizontal
When the price of a good in a market is above equilibrium: a. the quantity supplied exceeds the quantity demanded. b. a surplus is observed
c. the price will fall in the near future. d. all of the above.
The export supply and import demand curves measure the domestic shortage and surplus, respectively, at different world prices
a. True b. False Indicate whether the statement is true or false