The investment component of GDP includes:
a. funds in individual retirement accounts
b. construction of a new steel mill.
c. the sale of shares of Coca-Cola stock.
d. the purchase of a refrigerator by a household.
b
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Senior citizen and student discounts on tickets at movies theaters are examples of
a. First-degree price discrimination. b. Second-degree price discrimination. c. Third-degree price discrimination. d. A two-part tariff.
According to new growth theory, growth
A) occurs when real GDP greater than the subsistence level. B) depends on the population growth rate. C) is unending. D) ends when competition disappears. E) cannot be sustained without government hel
Because resources are scarce,
a. opportunity costs are zero b. people must make choices among alternatives c. all human wants and desires can be satisfied d. resource prices are fixed e. commodities are free
Which of the following would most likely cause a nation's currency to depreciate?
a. an increase in exports coupled with a decline in imports b. a slower inflation rate than those of its trading partners c. lower domestic real interest rates d. lower real interest rates abroad