In economic terminology, what is the meaning of investment?
What will be an ideal response?
Investment is the process of using resources to produce new capital. The new capital produced can be physical (new machinery) or human (education) in nature.
Economics
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The equilibrium quantity of a good will increase and its equilibrium price might rise, fall, or stay the same when
A) its demand and supply both increase. B) its demand increases and supply decreases. C) its demand decreases and supply increases. D) its demand and supply both decrease.
Economics
The lemons problem is a situation of
A) perfect competition. B) asymmetric information. C) creative response. D) a natural monopoly.
Economics