Economists define investment to include purchases of
A) capital goods and inventories.
B) capital goods, equity stocks, and inventories.
C) capital goods, equity stocks, and bonds.
D) capital goods, such as tools, instruments, and buildings.
E) capital goods, household durable goods, and inventories.
A
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If a country produces a commodity in the range of decreasing returns to scale, and the country begins to export more in a pure free trade system, the domestic price of the commodity will
a. fall. b. rise. c. exceed the price in foreign countries. d. be below the price in foreign countries. e. One cannot predict the impact on the price of the commodity.
When there is an increase in the duration of unemployment, the U.S. Congress typically responds by
A. lowering income taxes. B. extending unemployment benefits. C. redefining "unemployed" so the unemployment rate does not look so bad. D. encouraging unemployed U.S. workers to seek employment overseas.