Investment is the amount by which ____ grows.
A. portfolio
B. income
C. earnings
D. capital
Answer: D
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Which of the following will NOT shift the supply curve for pick-up trucks?
A) a technological advance B) an increase in the price of a resource used to produce pick-up trucks C) a change in the number of firms supplying pick-up trucks D) a change in the price of pick-up trucks
In a negative income tax program, the higher the income earned, the higher will be the family's after-tax income
Indicate whether the statement is true or false
Which of the following statements is false?
a) Income elasticity of demand is positive for inferior products. b) Income elasticity of demand is negative for inferior products. c) Income elasticity of demand is positive for normal goods. d) None of the above.
Economist David Friedman has compared free international trade to
A) the Holocaust. B) the Cold War. C) a technology. D) a revolution.