Wealth is measured as
A. only buildings, machinery, land, cars, stocks and bonds.
B. only nonhuman wealth.
C. nonhuman and human wealth.
D. only tangible objects.
Answer: C
Economics
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Businesses may reduce their investment spending following expansionary fiscal policy because:
A. as the economy's growth rate increases, profits rise without the need for new investments. B. profits fall as expansionary fiscal policy slows the economy. C. increased government spending will drive up interest rates. D. the government will take advantage of all the good investment opportunities.
Economics
For a monopoly market, if the Lerner Index is 2, then
A) the monopoly is maximizing its profit. B) the price elasticity of demand is -2. C) the price elasticity of demand is -0.5. D) None of the above.
Economics