Which one of the following would count as investment in the national income accounts?
What will be an ideal response?
a freight-hauling firm buying a new domestically produced truck
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Differences in the stock of physical capital between nations are an example of a(n):
A) implicit cause of prosperity. B) proximate cause of prosperity. C) fundamental cause of prosperity. D) explicit cause of prosperity.
An appreciation is
A) a decrease in the trade deficit. B) a decrease in the value of currency. C) an increase in the trade surplus. D) an increase in the value of currency.
Which of the following is characteristic of an oligopolistic industry?
a. few firms b. interdependence c. large barriers to entry d. All of the above
Long-term public debt is available in the form of
a. paper currency b. stocks and bonds c. Treasury notes and bonds d. Treasury bills e. tax abatements