A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private fixed capital in the year was $25 billion. Assuming stable prices, gross investment was ________.
A. $90 billion
B. $50 billion
C. $75 billion
D. $25 billion
Answer: C
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Why might it be hard for companies to know how much pollution should be cleaned up?
A. Costs are too high so it's not worth all the time and effort to clean up the pollution. B. Many costs of pollution are hard to see or itemize to get an accurate amount of the true cost. C. The government is not clear on the rules and regulations for cleaning up pollution. D. Companies value production and profit too much so they do not want to clean up too much.
What is the reason that all economic issues and problems occur?
A) All nations use some form of money to buy and sell goods and services. B) People seek only their own self-interest. C) Powerful governments are able to control production and consumption. D) Human wants exceed the resources available to satisfy them. E) Humans are always wasteful and inefficient in production and consumption.
What is the leverage implied by the bank balance sheet listed below? ? Assets ? ? Liabilities & Net Worth ? Reserves $280,000 ? Checking Deposits $2,800,000 Loans Outstanding $2,920,000 ? ? ? Total $3,200,000 ? Net Worth ? ? ? ? Stockholders’ Equity $400,000 ? ? ? Total $3,200,000
A. 2-to-1 B. 7-to-1 C. 8-to-1 D. 10-to-1
The monetary base minus currency in circulation equals
A) reserves. B) the borrowed base. C) the nonborrowed base. D) discount loans.