A nations capital stock was valued at $500 billion at the start of the year and $575 billion at the end. Consumption of private fixed capital in the year was $35 billion. Assuming stable prices, net investment was:

China's initial economic reforms were in which sector?

A) Manufacturing B) Infrastructure C) Agriculture D) Mining

Prospect theory can explain why

A) people tend to gamble on long odds with small expected utility. B) people tend to sell their losing stocks and keep their winning stocks. C) people should only sell their losing stocks. D) people should never play the lottery.