Dead capital is
A) machinery that requires constant maintenance.
B) any capital resource that lacks clear title of ownershi
B
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The slope of the saving function is the
A) APC. B) MPC. C) APS. D) MPS.
The no-trade equilibrium in a monopolistic market occurs where:
a. marginal revenue = price. b. marginal cost = marginal revenue. c. market demand = market supply. d. marginal cost = average revenue.
The absolute value of the slope of the indifference curve given the law of diminishing marginal rate of substitution:
A. is different. B. declines as one moves to the right. C. is constant. D. increases as one moves to the right.
In the treatment of U.S. exports and imports, national income accountants:
A. subtract exports, but add imports, in calculating GDP. B. subtract both exports and imports in calculating GDP. C. add both exports and imports in calculating GDP. D. add exports, but subtract imports, in calculating GDP.