Gross private domestic investment consists of _____
a. spending by individual households on automobiles and durable goods
b. spending by businesses on labor resources
c. net additions to business inventories
d. spending by government on welfare benefits
e. spending by households on stocks and bonds
c
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The income per capita in Genovia is 38,333 Genovian dollars. If 1 Genovian dollar is equal to 0.78 U.S. dollars, the income per capita in Genovia in U.S. dollars, is ________
A) $29,899.74 B) $30,000 C) $3,563 D) $49,144.87
In the United States, the powers of eminent domain are put forth in the Fifth Amendment to the Constitution
Indicate whether the statement is true or false
In the United States, the typical person who has lost his or her job finds another one in a few months except during severe recessions
Indicate whether the statement is true or false
The optimal bidding strategy for an oral auction is
a. To shade your bid below your true value and drop out well before it is reached b. To shade your bid below your true value and drop out just when the shaded amount is reached c. To drop out when the bidding exceeds your true value d. To size up your competition to determine how much to shade your bid