Which of the following statements is FALSE?
A) Transactions in which households buy final goods and services occur in the factor market.
B) Saving is the difference between consumer income and expenditures.
C) The value of total output is identical to total income.
D) One definition of total income is that it is the annual cost of producing the entire output of final goods and services.
A
Economics
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Which of the following statements is TRUE in the short run?
A) Generally, labor is a fixed input. B) Generally, capital is a fixed input. C) Raw materials are generally considered to be fixed inputs. D) None of the above.
Economics
The theory that there is no predictable trends in securities prices is the
A) opportunity cost of capital. B) random walk theory. C) capital reinvestment. D) present value.
Economics