Which of the following is the best example of physical capital used to produce a textbook?
a. the expertise and writing ability of the author
b. the ink used in the printing press
c. the printing press
d. the property on which the publisher's office is located
e. the time spent by editors reviewing the textbook
C
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In the graph above, which points reflect an interest parity arbitrage opportunity?
A) point A B) point B C) point C D) points B and C
If the government increases taxes while holding expenditures constant,
A) the bond supply curve will shift to the left and the equilibrium interest rate will fall. B) the bond supply curve will shift to the right and the real interest rate will fall. C) government borrowing will be increased. D) the government's deficit will increase.
Gold is an excellent store of value because of its
a. divisibility, portability, and homogeneity b. divisibility and durability c. durability and relative scarcity d. durability and homogeneity e. divisibility, durability, and relative scarcity
To ensure that a nominal payment represents a constant level of purchasing power over time, one should:
A. divide it by the price index. B. subtract the price index from it. C. add the price index to it. D. increase it by a percentage equal to the rate of inflation for that year.