When we draw an investment demand curve, we hold constant all of the following except:
A. the expected rate of return on the investment.
B. business taxes.
C. the interest rate.
D. the present stock of capital goods.
C. the interest rate.
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Most people are
A) risk lovers. B) risk-averse. C) indifferent toward risk. D) None of the above.
Which of the following is true?
a. A nation cannot have a comparative advantage in the production of every good. b. A nation cannot have an absolute advantage in the production of every good. c. A nation can have a comparative advantage in the production of every good, but not an absolute advantage. d. A nation can have a comparative advantage in the production of a good only if it also has an absolute advantage. e. A nation cannot have an absolute advantage in the production of a good unless it also has a comparative advantage.