National income accountants define investment to include:
a) any increase in business inventories.
b) the addition of cash to a savings account.
c) the purchase of common or preferred stock.
d) the purchase of any durable good, for example, an automobile or a refrigerator.
a) any increase in business inventories.
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In the ten year period 1981-1990, 1202 commercial banks were closed, with a peak of 206 failures in 1989. This rate of failures was approximately ________ times greater than that in the period from 1934 to 1980
A) two B) three C) five D) ten
Appendix: Sealed bids can be used in multiple rounds. How is this done?
a. The winner of the first round automatically wins all future rounds. b. The winner's price in the first round is the reservation price in the next round. If higher prices come in the next round, the highest price is the new reservation price for round three, and so forth. c. The second best price in the first round is the winner. d. Bidding continues in more and more rounds until someone yells "uncle.".