Which of the following relationships is CORRECT?
A) Net Investment = Gross Investment + Depreciation
B) Consumption expenditure = Net Investment - Depreciation
C) Gross Investment = Net Investment + Depreciation
D) Depreciation = Gross Investment - Consumption expenditure
C
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One reason why the price elasticity of supply for DVD players is greater than one is that
A) the cost of producing DVD players is small. B) the storage of DVD players is not possible. C) DVD players can be easily stored. D) the demand for DVD players is fairly large. E) DVD players require relatively advanced technology for their production.
Antitrust law is the law that regulates ________ and prevents them from becoming ________
A) oligopolies; monopolies B) monopolies; oligopolies C) monopolistically competitive firms; oligopolies D) oligopolies; monopolistically competitive firms
Neutral taxation is taxing different commodities at the same tax rate.
A. True B. False C. Uncertain
GDP is a complete measure of economic welfare.
a. true b. false