When Tobin's q is greater than one, ________
A) a unit of a firm's stock (equity) is worth more than a unit of the firm's capital
B) a new unit of capital has more value than a new unit of stock (equity)
C) installed capital is worth less than new capital
D) a unit of capital that a firm owns has more value than a unit it might buy
D
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Use the above table. Assuming constant opportunity costs, the opportunity cost of producing coffee in country Alpha is ________, and the opportunity cost of producing coffee in country Beta is ________
A) 0.33 ton of cookies; 2 tons of cookies B) 3 tons of cookies; 0.5 ton of cookies C) 0.375 ton of coffee; 2.25 tons of cookies D) 2.67 tons of cookies; 0.44 ton of coffee
Increases in the capital stock:
a. Shift the short run aggregate supply curve upward b. Shift the long run aggregate supply curve to the right. c. Shift short run aggregate supply curves upward and long run aggregate supply curves to the right. d. Do none of the above