Which is NOT part of the definition of capital, as used by economists? It ___.
A. must be manufactured
B. is used by firms
C. is used up in production
D. produces other goods and services
Ans: C. is used up in production
Economics
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The above table has the demand and supply schedules for money. If the Fed increases the quantity of money by $0.1 trillion, the new equilibrium nominal interest rate is
A) 5 percent. B) 7 percent. C) 6 percent. D) 9 percent. E) 8 percent.
Economics
If the quantity of hearing aids demanded is represented by the equation QD = 40 - P then the corresponding price of hearing aids is represented by the equation
A) P = 0.25 - 4QD. B) P = QD + 40. C) P = 0.5QD + 20. D) P = 40 - QD.
Economics