A considerable amount of uncertainty is involved in making investment decisions.
Answer the following statement true (T) or false (F)
True
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Which of the following purchases do national income accountants consider to be investment?
A. An automobile for private, nonbusiness use B. Corporate bonds C. A new house D. Gold coins
How will the invisible hand move corn prices in response to:
a. a flood that destroys a great deal of the corn crop? b. a rise in the price of wheat (a substitute for corn)? c. a change in consumer tastes away from corn dogs toward hot dogs? d. an increase in the number of people with access to the corn market?
Since 1970, the number of African-American professionals (e.g., doctors, lawyers and the like) in the labor force has increased dramatically
a. True b. False
Resources are
a. scarce for households but abundant for the whole economy b. abundant for households but scarce for the whole economy c. scarce for households and scarce for the whole economy. d. abundant for households and the whole economy.