The purchase of a new house is the one form of
a. investment that is financed by private saving rather than public saving.
b. household spending that is not counted as part of investment in the national income accounts.
c. household spending that is investment rather than consumption.
d. household spending that does not contribute to GDP.
c
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A portfolio is a
A) brokerage house specializing in the trading of common stock. B) brokerage house specializing in the trading of corporate bonds. C) measure of the risk involved with a holding a particular asset. D) collection of assets.
A price support program:
A. lowers the market price by making purchases of a good, thereby increasing demand. B. lowers the market price by making purchases of a good, thereby reducing demand. C. raises the market price by making purchases of a good, thereby increasing demand. D. raises the market price by making purchases of a good, thereby reducing demand.
Many economists are in favor of increased immigration of adult foreigners who possess high levels of skills and education. Why?
a. Economists are very caring individuals. b. Economists believe this is a way to increase understanding among different ethnic groups. c. Economists believe foreigners will work cheaper. d. Economists believe this will increase aggregate supply.
Which is not an example of a liquid asset?
a. cash b. travelers' checks c. a certificate of deposit d. a checking account