There are two types of investment: ________ investment—the spending by business firms on equipment and structures, and planned spending on residential houses—and ________ investment—spending by business firms on additional holdings of raw
materials, parts, and finished goods. A) planned; gross
B) planned; inventory
C) fixed; gross
D) fixed; inventory
D
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The Required Reserve Ratio
Humana Hospital's price/marginal cost ratio of 2.3 is most likely to decline if
A) the number of nearby hospitals increases. B) the number of nearby hospitals decreases. C) the demand curve for hospital services shifts rightward. D) the demand curve for hospital services becomes steeper.
The cross price elasticity of demand is measured by the
A) percentage change in the quantity demanded of one good divided by the percentage change in quantity demanded of another good. B) percentage change in the price of one good divided by the percentage change in price of another good. C) percentage change in the demand for one good divided by the percentage change in price of another good. D) percentage change in the price of one good divided by the percentage change in the demand for another good.
If the minimum wage were raised to $10.00 per hour, it would no longer be considered a poverty wage. Would it be wise to raise the minimum wage to this level?
What will be an ideal response?