Which of the following is not a determinant of Investment spending?
A. Real income
B. Interest rates
C. Taxes
D. Expected profitability
A. Real income
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Economic efficiency is achieved
a. automatically in a capitalist economy b. when every possible Pareto improvement is exploited c. when all markets are monopolized d. if income is fairly distributed e. whenever a voluntary transaction takes place
Of the collection of supply and demand diagrams in Figure 2.2, which one shows the result of an increase in technology in the market for anything?
A. Figure 1 B. Figure 2 C. Figure 3 D. Figure 4
Which of the following is not an argument in favor of restricting trade??
What will be an ideal response?
Which of the following is NOT among the features that were phased in gradually during the integration of new members in the European Union (EU)?
A. The new members were allowed to impose a nominal tariff on the imports from the other members to stabilize themselves for the first several years. B. The citizens of the new members were not generally free to work in most other EU countries until several years after the country joined the EU. C. The new members were not full members of the common market for labor. D. The subsidies that the farmers of the new members receive started at only one-fourth of the standard levels for the common agricultural policy.