National income accountants define investment to include:
A. any increase in business inventories.
B. the addition of cash to a savings account.
C. the purchase of common or preferred stock.
D. the purchase of any durable good, for example, an automobile or a refrigerator.
A. any increase in business inventories
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In the two-country, two-commodity model, both countries can gain from trade as long as their relative advantages and disadvantages in producing different goods are different.
Answer the following statement true (T) or false (F)
If a business is losing money in the short run, the owner will try to minimize
A. losses per unit of output. B. total cost. C. total losses. D. output.
Refer to Figure 4.6, which shows David's and Celeste's individual supply curves for flower arrangements per week. Assuming David and Celeste are the only producers in the market, what is the market quantity supplied at a price of $30?
A. 200 B. 250 C. 300 D. 350
What is public choice?
What will be an ideal response?