Which of the following would be categorized as "land"?
A) timber
B) human capital
C) buildings
D) entrepreneurship
A
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When a credit card company offers different services with its card, like travel insurance for air travel tickets purchased with the credit card or product insurance for items purchased with the card, the credit card company is trying to
A) shift the demand curve for competing firms to the right. B) create a perfectly competitive market in which to sell its credit card. C) create a barrier to entry for competing firms. D) convince customers that its card has greater value than those offered by rival firms.
The Fed prefers to focus on inflation based on which price index?
A) personal consumption expenditures price index B) consumer price index C) GDP deflator D) producer price index