Capital is
A) liquidity.
B) interest.
C) produced goods that can be used to produce future goods.
D) non-existent in a socialist economy.
E) all of the above.
C
Economics
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Supply-side tax cuts are more likely to have the intended beneficial effect on
a. budget deficits. b. consumer spending. c. investment spending. d. net exports.
Economics
Suppose the price elasticity of supply for crude oil is 2.5. How much would price have to rise to increase production by 20 percent?
A. 8 percent B. 12.5 percent C. 20 percent D. 45 percent
Economics