A conservative philosophy of land distribution would not support which of the following?
a. High minimum acreage rules for people buying land
b. High minimum prices for land
c. Credit payments for the land
c. Credit payments for the land
Economics
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Which of the following is NOT considered capital?
A) an assembly line at a General Motors plant B) a computer used by your instructor for presentations in class C) stocks and bonds that are sold by Pepsico D) the furniture in the President's office E) a nail gun used for building houses
Economics
_____ is measured in terms of current-year prices
a. Nominal gross domestic product (GDP) b. GDP price index c. Real gross domestic product (GDP) d. Arbitrage e. Depreciation
Economics