Which of the following is NOT considered investment?
A. A family builds a house in which it plans to live.
B. A car dealer stores some of this year's models for next year.
C. An individual purchases several pieces of antique furniture.
D. A firm buys a computer for word processing.
Ans: C. An individual purchases several pieces of antique furniture.
You might also like to view...
Refer to the table above. Suppose that in normal years demand is represented by Case 2 and supply is represented by Case B. In a normal year the price of wapanzo beans will be
A) $1 per pound. B) $2 per pound. C) $3 per pound. D) $4 per pound.
Joe has $50 to spend on pizza and movies. If movies are $5 each and a pizza is $10 then, assuming he spends all his money, he can buy which of the following bundle of goods?
A) 6 movies and 2 pizzas B) 8 movies and 4 pizzas C) 2 movies and 6 pizzas D) 6 movies and 4 pizzas
Which of the following is NOT a likely result of intraindustry trade based on internal economies of scale?
A) Job creation at domestic firms entering international trade B) Lower prices for the domestic consumers of the product now being traded C) Increased sales and lower per unit costs for the firm doing the exporting D) Higher prices for the exported product
Seth is a competitive body builder. He says he has to have his 12-oz package of protein powder to "feed his muscles" every day. On the basis of this information, what can you conclude about his price elasticity of demand for protein powder?
A) It is elastic. B) It is perfectly elastic. C) It is perfectly inelastic. D) The price elasticity coefficient is 1.