Ec2050 Chapter 10 Quiz Solutions

Attempt 1Written: Dec 31, 2018 1:21 PM - Dec 31, 2018 1:43 PMSubmission ViewYour quiz has been submitted successfully.Question 12 / 2 pointsEconomists use the word "capital" to meanA) purchases in the market for stocks and bonds.B) people's skills and talents.C) the workers that firms employ to produce goods and services.D) the tools, instruments, and other produced goods used to produce goods and services.E) the funds that firms use to buy and operate their businesses.Question 22 / 2 pointsThe total amount spent on new capital goods is calledA) financial capital.B) gross investment.C) depreciation.D) net investment.E) wealth.Question 32 / 2 pointsNet investment equalsA) gross investment minus depreciation.B) depreciation plus gross investment.C) gross investment minus interest payments.D) gross financial capital minus stock dividends.E) depreciation minus gross investment.Question 42 / 2 pointsWealth isA) defined as the money in your savings account.B) another name for income.C) equivalent to saving.D) the same as investment in financial capital.E) the value of all the things that a person owns.Question 52 / 2 pointsIf the real interest rate rises,A) the quantity of loanable funds demanded increases.B) the quantity of loanable funds demanded decreases.C) the demand for loanable funds