(Consider This) Which of the following is an example of economic investment?
A. Volvo buys an old factory building from General Motors.
B. Nike buys a new machine that increases shoe production.
C. Bill Gates buys shares of stock in IBM.
D. Warren Buffet buys U.S. savings bonds.
Answer: B
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What are private goods? Mention two important attributes of private goods
If the company can correctly anticipate the adverse selection, what premiums would it charge??
a. $2500
b. $2600
c. $1000
d. $1100
To derive the labor demand curve for a particular market, one should ________ for all the firms in the market.
A. vertically sum the marginal product of labor curves B. horizontally sum the value of the marginal product of labor curves C. vertically sum the value of the marginal product of labor curves D. horizontally sum the marginal product of labor curves
"Creative destruction" in a market system is brought about by:
A. Entrepreneurship B. Striking workers C. Regulation by the government D. Money-based trade