Which of the following would directly increase the capital stock of an economy?
A) An individual purchases shares of corporate stock
B) An individual purchases high-risk corporate bonds
C) A business firm expands its production facilities
D) A bank uses cash reserves to purchase shorthand long-term government securities
E) The government implements a spending program to cover prescription drugs for Medicare reciepts
Ans: C) A business firm expands its production facilities
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High Tech, Inc. produces plastic chairs that sell for $10 each. The following table provides information about how many plastic chairs can be produced per hour. Number of WorkersChairs Produced Per Hour00110218324428530For simplicity, assume that labor is the only input. How many workers will be hired if the hourly wage for workers is $50?
A. 5 B. 3 C. 2 D. 1
The floral industry in Rosevalley has a Herfindahl-Hirschman Index of 900. This implies that the flower market in Rosevalley is ________
A) not concentrated B) moderately concentrated C) highly concentrated D) dominated by a few large buyers
Durable and nondurable goods and services lumped together in the expenditure approach to measuring GDP are called:
a. Personal consumption. b. Gross private domestic investment. c. Government spending. d. Inventory. e. Employee compensation.
Based on the following information, compute the value of the M2 measure of the money supply. AssetsBillions of DollarsM1530Money market mutual funds800Savings deposits1,800Demand deposits200Small denomination time deposits1,100
A. $3,900 billion B. $2,900 billion C. $4,520 billion D. $4,230 billion