The sum of money spent by a person to purchase a new home is considered as a part of investment spending
a. True
b. False
Indicate whether the statement is true or false
False
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If all firms in a competitive industry experience an increase in marginal costs, then which of the following is most likely to occur in the short run?
a. Firms will enter the market. b. Existing firms will expand production. c. Firms will shutdown. d. Firms will exit the market.
Which of the following represents a collective action problem?
A) The battery in Billy's pickup truck has died so he must leave his house 90 minutes earlier than usual to take public transportation to work. B) Sonia cuts down a diseased oak tree in her back yard, eliminating the shade that blocked the afternoon sun from shining through her living room windows. C) Miss Lander's third grade class has to cut short their field trip to Insect World because someone in Mr. Rutherford's fourth grade class accidentally opened the safety door in the bumblebee exhibit. D) Most of the audience cannot hear the dialog at a midnight showing of The Room because the film's most ardent fans insist on shouting with the dialog throughout the entire screening.
The writings of the 18th century economist _____________ greatly influenced Constitutional provisions regarding private property rights
a. John Maynard Keynes b. Alfred Marshall c. Adam Smith d. John Hicks
Government spending and income taxes can affect the level of
A. aggregate demand. B. income taxes. C. exports. D. investment.