If you were to start a business delivering documents, you might need to purchase cell phones, bicycles, desks, and chairs
a. These purchases are called capital investment. If you raise the funds to purchase them from others you are a saver.
b. These purchases are called capital investment. If you raise the funds to purchase them from others you are a borrower.
c. These purchases are called consumption. If you raise the funds to purchase them from others you are a saver.
d. These purchases are called consumption. If you raise the funds to purchase them from others you are a borrower.
b
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The largest portion of any nation's current account is typically
A) imports and exports. B) gold sales. C) the sale of U.S. assets. D) SDRs.
Milton Friedman argued that the Fed's control over the money supply could be used to peg
a. the level or growth rate of a nominal variable, but not the level or growth rate of a real variable. b. the level of a nominal or real variable, but not the growth rate of a real or nominal variable. c. the level or growth rate of a real variable, but not the level or growth rate of a nominal variable. d. both levels and growth rates of both real and nominal variables.
GDP per capita is
A. Investment as a percentage of GDP. B. The same as GDP per worker. C. Total GDP divided by total population. D. The population divided by total GDP.
When production costs increase and producers raise output prices, the result is
A. Unemployment. B. Demand-pull inflation. C. Cost-push inflation. D. The price effect.