An example of government investment in physical capital to increase business productivity is:
A. roadways.
B. bridges.
C. sewer systems.
D. All of these are examples of ways governments can increase productivity.
D. All of these are examples of ways governments can increase productivity.
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Because it is a unit of account, money
A) increases transaction costs. B) reduces the number of prices that need to be calculated. C) does not earn interest. D) discourages specialization.
In a Cournot equilibrium, each firm chooses an output level that
a. maximizes joint profits. b. maximizes the price received. c. maximizes profits given what the other firm produces. d. maximizes revenue given what the other firm produces.
You agree to lend ________ to a friend for a year at an annual interest rate of 10%. At the end of the year your friend pays you $600 in interest.
A. $60 B. $660 C. $6,000 D. $6,600
If you own a condo and you decide to lease it to your cousin,
A. there is no opportunity cost of leasing the condo because you own it. B. there is no opportunity cost of leasing the condo because you collect rent from your cousin. C. there is an opportunity cost of leasing the condo because you could have chosen to live in it. D. the only cost relevant to this decision is the price you paid for the condo.