Which of the following would NOT be investment?
A. a baking company buying a new oven
B. a car dealership adding to the number of cars it has to sell to its customers
C. a just-completed home is sold to a household
D. a household buing stock in a company
Ans: D. a household buing stock in a company
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Economic growth is measured by
A) increases in the population. B) increases in GDP. C) increases in per capita real GDP. D) increases in the value of the total output of society.
A graph shows the price of a pound of cucumbers on the vertical axis and the quantity of new cars sold by GM on the horizontal axis. The price of a pound of cucumbers remains constant as the quantity of new cars sold increases
The graph of these data is A) a horizontal line. B) a vertical line. C) a curve with a maximum. D) a positively-sloped line.
Equity and efficiency can be achieved simultaneously through competition
Indicate whether the statement is true or false
The true burden of a payroll tax has nothing to do with the percentage of the tax that employers are required to pay
a. True b. False Indicate whether the statement is true or false