When we say investment in economics we are talking about:
A. stocks.
B. physical capital.
C. bonds.
D. None of these are examples of investment in economics.
Answer: B
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Institutions:
A) are mostly outside of human control. B) place constraints on human behavior, and these constraints may not be absolute. C) cannot be changed over time. D) do not affect incentives.
Inequality is often the result of higher levels of work and productivity
a. True b. False
The amount of a product that is produced is most directly affected by
A. labor unions. B. product utility. C. product value. D. consumer demand
Between the first quarter of 2000 and the first quarter of 2006, the value of housing wealth
A. increased by about $13 trillion per quarter. B. decreased by about $7 trillion per quarter. C. increased by about $500 billion per quarter. D. decreased by about $600 billion per quarter.