The minimum level of net investment necessary to maintain the stock of capital depends on
A) the rate of interest and the size of the capital stock.
B) the rate of depreciation and the size of the capital stock.
C) the corporate profits tax and the interest rate.
D) business confidence and the corporate profits tax.
B
Economics
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If a production quota is set below the equilibrium quantity, at the quota quantity, marginal benefit is ________ marginal cost and the level of production is ________
A) greater than; inefficient B) greater than; efficient C) less than; inefficient D) equal to; efficient
Economics
A patent grants an inventor exclusive rights to a product for how long?
A) 14 years B) 17 years C) 20 years D) the lifetime of the product
Economics