Gross investment equals

A) net investment - depreciation + change in inventories.
B) net investment + depreciation.
C) net investment + change in inventories.
D) depreciation + change in inventories.


B

Economics

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The ________ hypothesis claims that differences in natural environment such as climate, and ecology are ultimately responsible for the major differences in prosperity observed around the world

A) climate B) location C) ecology D) geography

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Which of the following algebraic forms for a demand curve yields an isoelastic demand curve?

A) Q = a - b log(P) + c log(I) B) Q = a - bP + cI C) log(Q) = a - b log(P) + c log(I) D) log(Q) = bP + cI

Economics

If a public service commission requires a natural monopoly to set its price equal to the long-run marginal cost, this will result in

A) excessive economic profits to the monopoly. B) normal economic profits to the monopoly. C) losses to the monopoly. D) either economic profits or losses, depending on the efficiency of the monopoly.

Economics

The Sherman Act

a. created the Federal Trade Commission b. established the Department of Justice Guidelines c. regulated railroad and trucking industries d. outlawed restraints of trade e. forbade price discrimination

Economics