What three types of goods are included in investment spending?
capital equipment, inventories, and structures which includes residential construction
You might also like to view...
Refer to Table 5.1. Andrea has a comparative advantage in the production of
A) bracelets. B) tiaras. C) both products. D) neither product.
In Figure 30.2, a minimum wage of $12 will result in
A. A surplus of 20 workers. B. A shortage of 32 workers. C. A shortage of 44 workers. D. No shortage or surplus of workers.
Economies of scale may be a barrier to entry in a situation in which
A) only small-scale production can lower the per-unit cost of production. B) only small-scale production can meet the constantly changing market demand. C) only large-scale production can lower the per-unit cost of production. D) large-scale production is inefficient.
The existence of economies of scale is one reason oligopolies exist because
A. a firm is able to increase price leading to increased profits. B. the marginal cost decreases as output increases. C. as output increases average total cost decreases leading to large-scale firms. D. of strategic dependence.