All of the following are true except
A. gross investment minus depreciation equals net investment.
B. Karl Marx said that capital is produced by the capitalist.
C. inventory investment is less stable than investment in plant and equipment.
D. capital can be acquired by borrowing, working more or consuming less.
B. Karl Marx said that capital is produced by the capitalist. (It is produced by the worker.)
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The resource income earned by those who supply ________ is called wages
A) labor B) natural resources C) entrepreneurship D) capital
Officers of five large building-materials companies meet and agree than none of them will submit bids on government contracts lower than an agreed-upon level. This is an example of:
a. price fixing. b. vertical restriction. c. a tying contract. d. an interlocking directorate.