Inventory investment occurs when
A. shopkeepers check their inventories.
B. grocers sell stocks of canned goods off their shelves.
C. automobile dealers add to their stocks of unsold cars.
D. individuals buys more company stock shares online.
Answer: C
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Suppose that the yen-dollar foreign exchange rate changes from 130 yen per dollar to 140 yen per dollar. Then the yen has
A) depreciated against the dollar, and the dollar has appreciated against the yen. B) depreciated against the dollar, and the dollar has depreciated against the yen. C) appreciated against the dollar, and the dollar has appreciated against the yen. D) appreciated against the dollar, and the dollar has depreciated against the yen.
To see how variables evolve over time we use
A) a scatter graph. B) an evolution plot. C) a cross-section plot. D) a time-series graph.
Which of the following was the most important factor determining the volume of land sales in the Midwest and South during the antebellum period?
a. Immigration b. Indian resistance to settlement c. Agricultural prices d. Governmental road building
If I increase my consumption of a good and this has no impact the quantity you can consume of the same good, then this good is
A) nonrival. B) nonexclusive. C) both nonrival and nonexclusive. D) a free good.