Which of the following is an economic investment?
A. Shares of corporate stock.
B. U.S. savings bonds.
C. Newly built houses.
D. Bonds issued by private corporations.
C. Newly built houses.
You might also like to view...
A profit-maximizing monopolist
a. is just as socially efficient as a perfectly competitive firm in allocating resources to production since she, too, seeks the largest return on his investment. b. produces an output level at which marginal utility exceeds marginal cost. c. produces more output than a perfectly competitive industry. d. always produces in the inelastic region of his demand curve.
Which of the following is an example of a positive, as opposed to normative, statement?
a. When the minimum wage is increased, unemployment is a predictable consequence.
b. The income tax rate should be increased to offset the budget deficit.
c. Increasing government spending is the best way to help the economy move out of a recession.
d. More than one of the above are positive statements.
Governments grant patents to encourage
A) low prices. B) firms to form public enterprises. C) research and development on new products. D) competition.
The figure below shows the demand for items from a warehouse club. All of the people who shop at the warehouse club have the same demand. If the managers use two-part pricing, the price per item (the user fee) is ________ and the company sells ________ units to each customer.
A) $6 per unit; 10
B) $10 per unit; 10
C) $6 per unit; 20
D) $10 per unit; 20