One of the productive resources is capital. Capital includes
A) money borrowed from a bank.
B) a company's stocks and bonds.
C) tools, buildings, and machine tools.
D) toys, t-shirts, CD players, and pencils.
E) money in a savings account at a bank.
C
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Which of the following does NOT influence the price elasticity of demand?
A) the amount by which the demand curve shifts when the price of another good changes B) the number of substitutes available to consumers C) the price of the good relative to total income D) the time period buyers have to respond to a price change E) whether the good is a necessity or a luxury
The maximum economic profit that can be made by a duopoly that colludes is equal to the ________
A) economic profit made by duopolists who cheat B) normal profit made by an oligopoly C) economic profit made by a monopoly D) normal profit made by firms in perfect competition
If one US dollar costs 0.8 Euros, then 1 Euro must cost how many US dollars?
a. 0.5 b. 0.8 c. 1.0 d. 1.25 e. 1.5
Which of the following represents the amount of income that is actually available to people for consumption and saving?
a. Net national product b. National income c. Disposable personal income d. Gross national product e. Personal income