Which of the following is the best example of economic investment?
A.
Apple builds a new plant to manufacture iPads
B.
Your college purchases a 5-year old building in order to have more classrooms
C.
A retiree purchases U.S. government bonds
D.
A company like Bank of America acquires another company like Merrill Lynch
A.
Apple builds a new plant to manufacture iPads
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Research by Reinhart and Rogoff indicate that most of the increase in national debt as a result of a financial crisis is due to
A) government bail outs of financial institutions. B) increase spending on social welfare programs. C) government stimulus programs. D) sharp declines in tax revenues.
In the purely competitive case, marginal revenue (MR) is equal to:
a. cost b. profit c. price d. total revenue e. none of the above
Which of the following is part of Keynesian economic theory?
a. total output adjusts to aggregate expenditure b. the aggregate supply curve is horizontal c. businesses adjust their level of output to meet the demand for output d. All of these.
Cartel members have a collective interest in ____ industry price and a private interest in ____ their own prices
a. increasing; increasing b. increasing; decreasing c. decreasing; increasing d. decreasing; decreasing