The level of capital per person would increase if
A) the average saving rate were higher.
B) the output-to-capital ratio increased.
C) the depreciation rate increased.
D) Both A and B.
D
Economics
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The opportunity cost of money is
A) zero. B) the inflation rate. C) the real interest rate. D) the nominal interest rate.
Economics
Under the National Banking Acts of 1863 and 1864, the U.S. monetary system
(a) experienced drastic changes. (b) played a role in helping the Union finance the Civil War. (c) permitted, for the first time, the federal government to charter banks. (d) protected the rights of states to be the only entities to charter banks.
Economics