Investment, as defined in aggregate expenditure calculations, consists of purchasing all of the following except?
a. new factories
b. new housing
c. new stocks
d. new equipment
c
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When Exxon Mobil reports record profits of more than $10 billion per quarter, we know
A) other oil companies must be struggling. B) consumers must be paying high prices at the pump. C) consumers must have lost $10 billion in surplus. D) all of the above. E) none of the above follow from the information given.
Discuss the practical difficulties associated with practicing perfect price discrimination
What will be an ideal response?
Because information and the time required to acquire and digest it are scarce,
a. consumers concentrate on private choices rather than on public choices b. consumers concentrate on public choices rather than on private choices c. it is irrational for consumers to remain ignorant of the costs and benefits of government proposals d. consumers have greater incentive to gather and act upon information about public choices than to gather and act upon information about their private choices e. an individual voter has more incentive to examine the performance records of candidates for public office
A __________ is a person who was employed in the civilian labor force and was either fired or laid off
A) new entrant B) reentrant C) job leaver D) job fixer E) none of the above