Which of the following is NOT an example of investment?
a) The campus bookstore buys new T-shirts with the college logo.
b) Toyota expands the size of its factories located in the United States
c) A business owner uses his profits to play the lottery and wins.
d) A hair salon buys additional hair dryers.
Answer: c) A business owner uses his profits to play the lottery and wins.
You might also like to view...
Millionaires tend to be older than the general population because
a. older workers generally have more education than younger workers. b. many achieve millionaire status by saving from a relatively modest income, and this will take a lengthy period of time. c. the earnings of most people peak during the retirement phase of life. d. older people have less to do, and therefore, they have more time to come up with innovative ideas.
Household spending on education is counted in which component or subcomponent of GDP?
a. consumption of durable goods b. consumption of nondurable goods c. consumption of services d. investment
How does specialization affect employment patterns?
(A) By making sure that each person produces the goods for which he or she has a comparative advantage. (B) By using the absolute advantage that many people have in production work. (C) By creating specialized work for a few people. (D) By changing job availability in a country or region.
Sue sells a futures contract for U.S. Treasury bonds and on the settlement date the interest rate on U.S. Treasury bonds is lower than Sue expected. Sue will have:
A. lost money on her short position. B. gained money on her short position. C. gained money on her long position. D. lost money on her long position.