Stocks of finished goods and raw materials that firms keep in reserve to facilitate production and sales are
a. inventory investment
b. personal consumption
c. capital depreciation
d. net national product
e. durable goods
A
Economics
You might also like to view...
A skill-biased technological change is likely to:
A) increase the wage of skilled labor. B) increase the wage of unskilled labor. C) decrease the demand for skilled labor. D) increase the marginal productivity of unskilled labor.
Economics
Which of the following statements is TRUE?
A) Both wealth and income measure variables over a period of time. B) Wealth measures a variable at a point in time and income measures a variable over a period of time. C) Wealth measures a variable over a period of time, and income measures a variable at a point in time. D) Both wealth and income measure variables at a point in time.
Economics