A specific investment is
A) one that can only be used in a transaction with a single firm.
B) an investment that cannot be physically moved, such as an oil refinery.
C) reduces the possibility of a holdup occurring.
D) is more expensive than a general investment.
A
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A type of public policy set in response to rising prices of a basic necessity, such as food, might be:
A. to make it illegal to charge higher prices for those goods. B. to hire more producers of those goods. C. to subsidize the price of those goods. D. All of these are ways government can try to address rising prices of a basic necessity.
Recent studies show that recent immigrants compete for jobs with immigrants who came into the country earlier.
Answer the following statement true (T) or false (F)
The three main categories of government outlays are
A. government consumption expenditures, government investment, and transfer payments. B. net government subsidies, the government deficit, and government purchases. C. government purchases, transfer payments, and net interest payments. D. net interest payments, government investment, and government consumption expenditures.
To make rational forecasts, your predictions do not have to be correct all of the time.
Answer the following statement true (T) or false (F)