When gross investment is positive, net investment:
A. Is always zero
B. Must be negative
C. Must be positive
D. May be either positive or negative
D. May be either positive or negative
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Use the following graph to answer the next question.Which of these lines represents the short- run aggregate supply curve?
A. 1 B. 2 C. 3 D. 4
Free trade policies may lead to
A) a decrease in world output. B) price increases in world markets. C) some labor sectors experiencing some short-term job loss. D) none of the above.
The graphic for India, China, Brazil and the US showing income groups and percentages of total country income for each group highlights that
A) there are income differences within highly developed countries such as the U.S. but these are relatively small in comparison to BRIC countries B) income differences within the BRIC countries are very large C) income differences across countries like the DRC, BRIC, and the U.S. are very large D) all of the above
A city wants to raise revenues to build a new municipal swimming pool next year. The mayor suggests that the city raise the price of admission to the current municipal pools this year to raise revenues. The city manager suggests that the city lower the price of admission to raise revenues. Who is correct?
a. the mayor b. the city manager c. The answer depends on the price elasticity of demand. d. The answer depends on the costs of construction of the new municipal swimming pool.