In the national income accounts, investment includes:
a. expenditures on durable consumer goods.
b. government construction of a new dam
c. additions to business inventories.
d. purchases of used machinery by businesses.
c
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During the decade of the 1920s, the U.S. economy
(a) was generally healthy and gave no indication of the troubles that lay ahead regarding the Great Depression. (b) was relatively stagnant in terms of growth of total output with small declines in agriculture and housing, which suggested that difficult times might lie ahead in the 1930s. (c) experienced actual declines in overall production levels, including agriculture and housing, which suggested that even more difficult times probably lay ahead. (d) experienced relatively rapid growth in overall output but in the late 1920s nevertheless showed weaknesses in certain sectors such as agriculture, housing and the financial sector, which suggested the possibility of difficult times ahead.
Refer to Scenario 15.2. With no other information available, it is
A) clear Furry should retool the offices. B) clear Furry should rewire the network. C) clear Furry should move to Southern California. D) clear Furry should either retool the offices or rewire the network. E) not possible to tell which payment stream is most valuable to Furry.
Which of the following is an advantage of clustering?
a. New entrants can charge higher prices for products as compared to existing firms b. New entrants can have lower cost of gathering regional information about trends in the market. c. New entrants can benefit from favorable terms of trade. d. New entrants can engage in non-price competition with other firms in the industry. e. New entrants can charge low prices for their products.
One concern is that while _________________ may be benefiting high-skilled, high-wage workers in the United States, it may also impose costs on low-skilled, low-wage workers.
a. international trade b. blocking trade c. economic decline d. limiting trade