Fill in the blank: By 2011, GDP in the United States was approximately ________ times greater than it had been in 1820

Capital is a factor of production. Which of the following is an example of capital?

i. $1,000 in money ii. 100 shares of Microsoft stock iii. $10,000 in bonds issued by General Motors iv. a drill press in your local machine shop A) i and ii B) ii only C) iv only D) iii only E) ii and iii

Free trade refers to trade between countries

A) that is without shipping costs. B) that is licensed by both governments. C) that is without restrictions. D) of products which are free to low-income consumers.