Investment is equal to all purchases of newly produced capital goods
A) minus changes in business inventories.
B) plus fixed investment minus inventory investment.
C) plus changes in business inventories.
D) plus changes in business inventories plus purchases of new residential housing.
D
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Predictions of stock prices by stock market analysts
A. usually improve on simple extrapolation of past trends. B. are good both in the short term and in the long term. C. are poor since Wall Street does not pay enough to attract the best analysts. D. are poor because of randomness.
Which one of the following statements about public goods is true?
a. Problems with public goods can always be solved by charging a fee to use the good b. Public goods may provide psychic benefits c. Public goods will tend to be oversupplied d. Money to provide public goods is commonly collected from free riders e. Public goods are any goods owned or provided by governments
An indifference curve is a set of points, each point representing a combination of two goods, all of which represent the same total utility.
Answer the following statement true (T) or false (F)
Refer to Figure 1A.1. Assume that the graph in this figure represents the demand and supply curves for women's clothing. An increase in the wage rate for seamstresses would be represented by a shift from
A) Demand 1 to Demand 2. B) Demand 2 to Demand 1. C) Supply 1 to Supply 2. D) Supply 2 to Supply 1.