907EconomicsMedium
A long-term asset, such as land or building is termed as?
Asolid capital
Bsolid asset
Ccapital asset
DFuture asset
Correct answer
C. capital asset
Explanation
The correct answer is capital asset.
Correct answer
C. capital asset
Explanation
The correct answer is capital asset.
Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called?
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage?
Which of the following events will lead to a decrease in the equilibrium interest rate?