Investment is
A) spending by businesses on things which can be used to produce goods and services in the future.
B) the production of goods for immediate satisfaction.
C) the purchasing of stocks and mutual funds.
D) goods bought by households.
A
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Assume that a cargo ship carrying the merchandise of a cloth merchant has been wrecked. Such a setback will be accounted as the merchant's:
a. sunk cost. b. deadweight loss. c. marginal cost. d. opportunity cost.
Which of the following is false? a. Markets can make products better
b. Markets can make products cheaper. c. Markets can create new products. d. Markets only result in producing those goods and services that are socially desirable.
Which of the following is true of the inflation experienced by the Latin American countries during the 1980s and early 1990s? a. In 1990, annual inflation in Brazil and Argentina was below 10 percent
b. In the late 1980s, Brazil and Argentina experienced a steady inflation of 4 percent. c. In the late 1980s, Brazil and Argentina experienced deflation. d. In 1990, annual inflation in Brazil and Argentina climbed to over 2000 percent.
The history of the textile industry raises important questions for economic policy
a. True b. False Indicate whether the statement is true or false