An example of an investment is
A. a restaurant placing otherwise idle money in an interest-bearing savings account.
B. a sock company repurchasing its own shares.
C. a delivery company adding more vehicles its fleet.
D. a pencil factory that can produce consumer and business goods.
Answer: C
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A. Distinguish between a tariff and a quota
b. In what ways are tariffs and quotas similar? c. In what ways are tariffs and quotas different? d. Why might a foreign producer prefer a quota rather than a tariff?
Long-term growth in production can be explained by: a. an improvement in the quality of resources available. b. a gradual but consistent rise in the price level
c. a rapid and accelerating increase in the price level. d. a trade surplus that leads to the accumulation of gold. e. the peaks and troughs of economic fluctuations.
In 1975 tuition at Wattsomata University was $2,500 and the consumer price index was 80 . In 2011 tuition was $12,000 and the price index was 320 . Which of the following is correct?
a. Nominal and real tuition were both higher in 1975. b. Nominal and real tuition were both higher in 2011. c. Nominal tuition was higher in 1975, real tuition was higher in 2011. d. Nominal tuition was higher in 2011, real tuition was higher in 1975.
A cost-benefit analysis of the death penalty and lifetime incarceration must consider
A. the effects upon police morale. B. the expected present value of the total costs of the two punishment methods to the government. C. the costs borne by the victims of the crime. D. all of the options are correct.