In economics, investment always refers to
A. the creation of capital.
B. increasing the quantity of labor.
C. an increase in per capita output.
D. the act of buying stocks or bonds.
Answer: A
You might also like to view...
If a firm's total costs are $100 when 10 units of output are produced and $103 when 11 units of output are produced, the marginal cost of the 11th unit is
A) $1. B) $3. C) $5. D) $9.36.
Which of the following markets is an example of an oligopoly?
A) The market for premium apparels B) The market for books C) The market for video games D) The market for wheat
Considering that the U.S. places a quota on imports of steel from South Korea, which of the following would NOT likely occur?
A) The price of steel in the United States would increase. B) The quantity of steel produced in the United States would increase or stay the same. C) The demand for steel in the United States will increase. D) The quantity demanded for steel in the United States will decrease.
When there is a positive return to monopsony power, this means
a. many employers share economic profits from exploiting workers b. workers have been successful in forming unions c. labor markets are perfectly competitive d. workers are paid less than in a competitive labor market e. wages are equal to the marginal revenue product of labor