Which of the following items used to produce a product is a capital item?
A. Raw materials
B. Land
C. Machinery
D. Labor
C. Machinery
You might also like to view...
In the classical model, a temporary decrease in government spending would cause a decrease in
A) output, the real interest rate, real wages, and the price level. B) employment, the real interest rate, real wages, and the price level. C) output, employment, the real interest rate, and the price level. D) output, employment, real wages, and the price level.
Some people argue that to prevent continued dependence on foreign oil, the United States should restrict imports of foreign oil and increase domestic production. What effects would such trade restrictions have on the market for oil in the United States?
What will be an ideal response?
Even though the monetary policy is very quick recognize and respond to the coming of a recession than fiscal policy, it has proven in the 2000's to be less affective in avoiding or bring the economy out of the recession because
A. Increased investment by the private sector has not been forthcoming in response to the reduction in interest rates. B. Consumers have tended to increase saving and decrease consumption. C. Our economy has increased imports during recessions. D. The government has imposed fiscal policy to counteract the monetary policy.
Which of the following types of relationships between a dependent variable y and an independent variable x is represented by a population regression line that resembles a horizontal line?
a. No linear relationship between the mean value of y and x b. A negative linear relationship between the mean value of y and x c. A positive linear relationship between the mean value of y and x d. A normal relationship between the mean value of y and x