Depreciation refers to:
a. the value of leisure goods
b. changes in exchange rates.
c. income that we earn but do not receive.
d. investment undertaken merely to replace worn-out capital.
e. the effects of government subsidy programs.
d
Economics
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If the Fed wants to depreciate the U.S. dollar against the British pound, it will ________
A) sell foreign exchange B) decrease the money supply C) sell British pounds D) sell U.S. dollars
Economics
The four factors of production (or types of resources) are
A. labor, capital, technology, and entrepreneurial ability. B. land, labor, capital, and entrepreneurial ability. C. labor, capital, entrepreneurial ability, and money. D. land, labor, capital, and money.
Economics