______ involves purchases that add to the stocks of goods kept by the firm to meet consumer demand.
a. Durable investment
b. Capital investment
c. Inventory investment
d. Fixed investment
c. Inventory investment
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An environmental awareness program was launched in a certain community and all residents in the community were asked to contribute to its functioning. After a month, the program had to be discontinued due to a lack of funds
Why did the program not receive sufficient funds? Explain your answer.
When an industry's raw material costs increase, other things remaining the same,
A) the supply curve shifts to the left. B) the supply curve shifts to the right. C) output increases regardless of the market price and the supply curve shifts upward. D) output decreases and the market price also decreases.
If a good is rationed, we can assume that
a. quantity supplied is greater than quantity demanded b. the price of the good is above its equilibrium level c. a price floor has been imposed on the market d. an excess supply of goods exists e. quantity supplied is less than quantity demanded
Which of the following countries benefited significantly from the catch-up effect in the last half of the twentieth century?
a. Ethiopia b. the United States c. Canada d. South Korea