In economics, the term investment refers to:
a. the cost of employing human capital.
b. expenditure on expense accounts of employees.
c. firms' expenditure on salaries and rent.
d. business spending for acquiring capital goods.
e. the expenses on the purchase of stocks of a corporation.
d
You might also like to view...
A mixed economy is one that combines both public and private ownership of property.
Answer the following statement true (T) or false (F)
In what way did the Dodd-Frank Act reduce bank revenue?
A) It increased the amount banks had to pay on interest to depositors. B) It reduced fees banks could charge when customers took out loans. C) It reduced the amount of interest banks could charge on mortgages. D) It capped the fees that banks could charge stores for debit card transactions.
President Nixon once proclaimed that he followed the __________ school of economics.
Fill in the blank(s) with the appropriate word(s).
A firm will find it profitable to hire workers up to the point at which their:
A. marginal resource cost equals their wage rate. B. wage rate equals product price. C. MP is equal to their MRP. D. marginal resource cost is equal to their MRP.