Suppose that inventories were $40 billion in 2012 and $50 billion in 2013. In 2013, national income accountants would:
A. add $10 billion to other elements of investment in calculating total investment.
B. subtract $10 billion from other elements of investment in calculating total investment.
C. add $45 billion (= $90/2) to other elements of investment in calculating total investment.
D. subtract $45 billion (= $90/2) from other elements of investment in calculating total
investment.
A. add $10 billion to other elements of investment in calculating total investment
You might also like to view...
If a person supplies more hours of labor in response to a wage increase, then
A) the substitution effect is greater than the income effect. B) the income effect is greater than the substitution effect. C) the income effect equals the substitution effect. D) the person is not maximizing utility.
Suppose that a worker in Country A can make either 10 iPods or 5 tablets each year. Country A has 100 workers. Suppose a worker in Country B can make either 2 iPods or 10 tablets each year. Country B has 200 workers. A bundle of goods that Country A could potentially make would be:
A. (1,000 iPods, 500 tablets). B. (500 iPods, 500 tablets). C. (500 iPods, 250 tablets). D. (750 iPods, 150 tablets).
New ________ has often undermined natural monopolies, such as in the case of competition for local telephone service in some states.
Fill in the blank(s) with the appropriate word(s).
Describe how rent-seeking behavior works
Please provide the best answer for the statement.