Which would be considered an investment according to economists?
A. A fishing-company owner buys Google shares
B. A fishing-company buys a few boats from another fishing company that was closing out
C. A fishing-company owner buys new fishing gear
D. A fishing-company owner buys fuel to run the boats
C. A fishing-company owner buys new fishing gear
You might also like to view...
Which is an example of a barter system?
a. Instead of paying rent, you clean the house for the owner. b. Instead of paying cash for a computer, you use a credit card. c. Instead of paying the full amount for a car, you pay 10 percent in cash and pay for the rest in monthly installments. d. Instead of paying for a purchase in Mexico in pesos, you use dollars from the United States.
The law of demand can be stated as all else equal:
A. quantity demanded rises as price rises. B. quantity demanded rises as income rises. C. quantity demanded rises as price falls. D. demand rises as price falls.
If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, then the M1 money multiplier is
A) 2.5. B) 2.8. C) 2.0. D) 0.67.
When the price of one good changes, while the prices of all others stay the same:
A. the change in relative prices is reflected in a change in the slope of the budget constraint. B. the change in relative prices can be thought of as a change in the opportunity costs of each good. C. the change in relative prices is reflected in a change in the marginal utility per dollar spent on each good. D. All of these statements are true.