The difference between inventories and inventory investment is that typically ________
A) the first one is a stock of unfinished or unsold goods; the second one is a flow that indicates productive activity
B) the first one denotes the change in holdings of capital; the second one includes most final goods
C) the first one is measured at the beginning of the year; the second one is measured at the end of the year
D) all of the above
E) none of the above
A
Economics
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The long-run supply curve for a firm in a perfectly competitive industry is:
A) negatively sloped. B) positively sloped. C) vertical. D) horizontal.
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Which of the following firms best fits the definition of a monopoly?
a. General Motors b. Exxon Mobile c. Local electric utility d. AT&T
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