Inventory investment can be defined as
A. the value of monetary transactions by businesses.
B. goods that must be excluded from the GDP to avoid double counting.
C. the system of accounts that is used to count certain goods.
D. changes in the stocks of finished goods and raw materials.
Answer: D
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Which of the following statements correctly describes perfectly competitive market equilibrium?
A) There is always excess supply or excess demand when the market is in equilibrium. B) Multiple equilibriums are possible for a given set of demand and supply curves. C) Government intervention is necessary for the market to reach equilibrium. D) Any deviation from equilibrium is automatically restored.
If the coupon payment on a bond is $140 and the coupon rate is 4.5%, then what is the price value of the bond?
A. $2,800 B. $146 C. $254.40 D. $3,111 E. There is not enough information provided to answer this question.
The process of indirect finance using financial intermediaries is called
A) direct lending. B) financial intermediation. C) resource allocation. D) financial liquidation.
Scarcity can be eliminated if:
a. people satisfy needs rather than wants. b. sufficient new resources were discovered. c. output of goods and services were increased. d. none of these.