For the nation's capital stock to grow, net investment must be positive.
Answer the following statement true (T) or false (F)
True
Because some capital wears out each year due to depreciation, the capital stock will grow only if the worn-out part is replaced and even more capital is added.
Economics
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All else constant, if the use of historic costs understates the opportunity costs associated with using a particular piece of capital, economic profit will be overstated
Indicate whether the statement is true or false
Economics
Explain why firms in a cartel might lobby for government regulation.
What will be an ideal response?
Economics