In the national income accounts, investment includes all of the following EXCEPT:

a. stock market purchases.
b. inventories.
c. purchases of equipment.
d. new home sales.

A

Economics

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When a forest is logged, it is possible for the logging to create "soil runoff," a situation in which the soil, no longer protected by trees, erodes and silts a river miles downstream from the logging area

Is soil runoff created by logging in Montana that ruins a river an example of a private cost to the lumbering company or an external cost?

Economics

Which of the following is an example of a production function with fixed proportions?

A) putting orange juice into cartons B) mowing lawns C) cutting hair D) teaching economics

Economics