The difference between a stock and a flow is
A. a stock refers to the solid inventory firms have on hand while a flow refers to the liquid inventory firms have on hand.
B. a stock is something measured at one point in time while a flow is something that is fixed.
C. a stock is something measured at one point in time while a flow is something that is expressed per unit of time.
D. a stock is expressed per unit of time while a flow is measured at one point in time.
Answer: C
You might also like to view...
A parent company rewarding managers on profit centers can simply
a. Subtract division costs from the division revenue and reward the manager on the difference b. Add the division costs to the division revenue and reward the manager on the sum c. Reward the manager on the revenue of the division d. Reward the manager on the costs of the division
Perfectly elastic demand curves are
a. downward sloping b. upward sloping c. vertical d. horizontal e. steep
According to the graph shown, if a firm is producing at Q2:
This graph represents the cost and revenue curves of a firm in a perfectly competitive market.
A. profits are being maximized.
B. average total costs are minimized.
C. it is producing at an efficient scale.
D. All of these are true.
Each of the following, except one, can explain why a given job pays a compensating wage differential. Which is the exception?
a. The job requires costly training. b. The job is dangerous. c. The job is in a city with a high cost of living. d. The job requires a very high level of physical exertion. e. An increase in product demand raises the demand for labor in this job.