Jim buys a $1000 bond from ABC Company. ABC Company uses the $1000 to purchase a new piece of machinery. Whose spending would be an act of investment in the language of macroeconomics?
a. only Jim's
b. only ABC Corporation's
c. Jim's and ABC Corporation's
d. neither Jim's nor ABC Corporation's
b
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Which of the following statements is TRUE?
A) The voting power of a nation in the International Monetary Fund is determined by its quota subscription. B) The voting procedure in the International Fund is determined by the World Bank. C) The voting power of a nation in the International Monetary Fund is called special drawing rights. D) All nations that belong to the International Monetary Fund have equal voting power.
The principle of diminishing marginal product states:
A. the total output produced increases as the quantity of the input increases. B. the marginal product of an input decreases as the quantity of the input increases. C. the marginal product of an input eventually will be negative. D. the total output produced decreases as the quantity of the input increases.
Using Figure 3 above the distance between what 2 lines illustrate a recessionary expenditure gap?
A. Y1 to Y2 B. PAE1 to PAE2 C. PAE2 to PAE3 D. Y2 to Y3
Price fixing is illegal under the Sherman Act and subsequent legislation.
Answer the following statement true (T) or false (F)