We can tell from data in exhibit 9-2 that planned investment is autonomous because
What will be an ideal response?
It does not vary as income changes
You might also like to view...
Increasing returns to scale in production means
A) more than 10% as much of all inputs are required to increase output 10%. B) less than twice as much of all inputs are required to double output. C) more than twice as much of only one input is required to double output. D) isoquants must be linear.
The fact that the United States has become a net debtor nation is an indication that
A. The U.S. economy is in a long-term decline compared to other major economies. B. The United States should never have abandoned the gold standard. C. The U.S. economy is highly regarded by world investors. D. As undesirable as they are, trade restrictions are becoming a necessity.
After getting a raise at work, Jennie now regularly buys steak instead of hamburger. Based on this behavior, we can assume:
A. steak is a normal good, and hamburger is an inferior good for Jennie. B. steak and hamburger are - normal goods for Jennie. C. steak is an inferior good, and hamburger is a normal good for Jennie. D. steak and hamburger are complementary goods for Jennie.
A set of actions that a firm takes to achieve a goal is the definition of a
A) business plan. B) business strategy. C) business prospectus. D) business goal.