Which of the following is not an example of capital used in production?
a. a teacher's chalkboard
b. a manufacturer's factory
c. a landscaper's time
d. an accountant's education
c
Economics
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The actual multiplier for the U.S. economy is estimated to be
a. about 10. b. approximately 5. c. between 3 and 4. d. less than 2.
Economics
Most markets are not monopolies in the real world because
a. firms usually face downward-sloping demand curves. b. supply curves slope upward. c. firms usually equate price with marginal cost. d. there are reasonable substitutes for most goods.
Economics