Which of the following would increase gross private domestic investment in an economy?
A) an increase in the level of Apple's inventory
B) an increase in the shares of Apple stock households own
C) an increase in the number of workers Apple hires
D) an increase in the number of highway construction projects the government is funding
A
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In the above table, the average product of three workers is
A) 1. B) 2. C) 3. D) 4.
If Switzerland chooses to engage in trade, it
a. will only benefit if it trades with countries that produce goods Switzerland cannot produce. b. cannot benefit if it trades with less developed countries. c. should first attempt to produce the good itself. d. can benefit by trading with any other country.
Conspicuous consumption
A. was a phrase coined by Thorstein Veblen. B. is a way the wealthy, among others, advertise their wealth. C. was written about in The Theory of the Leisure Class. D. All the choices are true.
Maximum Feasible Hourly Production Rates of EitherProduct A or Product B Using All Available ResourcesProductCountry XCountry YA48B44 Refer to the above table. Assuming constant opportunity costs
A. Country Y has a comparative advantage in the production of both goods. B. Country X has a comparative advantage in the production of Product A while Country Y has a comparative advantage in the production of Product B. C. Country X has a comparative advantage in the production of both goods. D. Country Y has a comparative advantage in the production of Product A while Country X has a comparative advantage in the production of Product B.