Multiple Choice
Economic efficiency requires that costs associated with the expansion and utilization of capital be balanced against the
A) future increases in output derived from improved tools and production methods.
B) reduction in future employment due to automation.
C) indirect costs of capital goods.
D) need to maintain a reserve army of the unemployed.
Correct Answer:

Verified
Correct Answer:
Verified
Q68: Discounting is a procedure used to<br>A) determine
Q69: If the interest rate is 8 percent,
Q70: Which of the following is true?<br>A) if
Q71: When economists say an individual possesses a
Q72: If the interest rate was 5 percent
Q74: The present value of $1 million to
Q75: In order to fully realize the gains
Q76: The additional amount a person is willing
Q77: Investments that are mistakenly made and generate
Q78: If an investment project costing $2,700 was