Which of the following is not a leading indicator for economic activity?
A. Orders for new equipment.
B. Natural disasters.
C. The level of inventories.
D. Building permits.
Answer: B
Economics
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One difference between perfectly competitive markets and single-price monopoly markets is that
A) marginal revenue equals marginal cost for perfectly competitive firms, but not for monopolists. B) marginal revenue equals price for perfectly competitive firms, but not for single-price monopolists. C) marginal cost equals average variable cost for perfectly competitive firms but not for monopolists. D) All the above answers are correct.
Economics
People basically borrow in order to
A) go into debt. B) have more funds. C) have interest payments. D) have current consumption rather than waiting to consume in the future.
Economics