83- Over many years the capital stock in the U.S. has grown to approximately: $5

ID: 1133554 • Letter: 8

Question

83- Over many years the capital stock in the U.S. has grown to approximately:

$50 trillion

$40 trillion

$30 trillion

$20 trillion

81- Income transfers are included with government purchases in the calculation of GDP.

Ture/False

80- In economics, investment is the expenditure by businesses on new plant and equipment.

Ture/False

84- Comparative advantage refers to the ability to produce a good at a:

Lower opportunity cost than your trading partner.

Higher opportunity cost than your trading partner.

Lower absolute cost of production than your trading partner.

Higher absolute cost than your trading partner.

85-Monopolists can dictate the price, the quality, and the quantity of the product they produce.

Ture/Flase

$50 trillion

$40 trillion

$30 trillion

$20 trillion

83) 50 trillion

US capital stock has increased to 50 trillion approximately.

81) False

Income transfers are not included in the calculation of gdp becuase it does not represent any purchase of final goods and services.

80) True

Investment spending is the purchase of new equipment and machinery by business.

84) lower opportunity cost than your trading partner.

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