An example of physical capital is:
a. a $100 bill

If the economy experiences an unplanned inventory accumulation at the full employment level of GDP, then the economy is in a(n)

A. inflationary gap. B. hyperinflation. C. recessionary gap. D. full employment gap.

Suppose that you have noticed that almost all of the car dealers in your city are located along a three-block stretch of the same street. A likely reason for this clustering of car dealers is that:

A. there is a social norm in that city that dealers follow in choosing location. B. each dealer is attempting to locate closest to the customers. C. each dealer sells a different brand of car, so they are not competitors and do not have to be concerned about the other dealers' locations. D. the dealers are better able to form a cartel.