Which of the following is an example of capital?
a. pizza ovens
b. bulldozers
c. a college education
d. carpentry skills
e. all of the above
E
Economics
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Suppose the nominal interest rate is 2% and the real interest rate is -3%. We can deduce that the rate of inflation is
A) 0%. B) 2%. C) 3%. D) 5%.
Economics
"If Mexico is currently operating at a point inside its production possibilities frontier, then there are unemployed resources in Mexico." Is this statement true or false? Briefly explain your answer
What will be an ideal response?
Economics