Which of the following is an example of a capital good?
A. A metal-stamping machine used to produce cars sold to an automaker
B. A new CD player sold to a teenager
C. A new CD player sold to an automaker for installation in a car
D. A new car sold to a family
Answer: A
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On a balance sheet, stockholder's equity is equal to
A) assets minus liabilities. B) long-term liabilities minus current liabilities. C) total assets minus goodwill. D) the total value of outstanding shares of stock.
An example of a randomized controlled experiment is when
A) households receive a tax rebate in one year but not the other. B) one U.S. state increases minimum wages and an adjacent state does not, and employment differences are observed. C) random variables are controlled for by holding constant other factors. D) some 5th graders in a specific elementary school are allowed to use computers at school while others are not, and their end-of-year performance is compared holding constant other factors.