The investment function will shift when there is a change in
A. the cost of borrowing.
B. firms' profit expectations.
C. the opportunity cost of retained earnings.
D. the interest rate.
Answer: B
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Several factors are important for achieving faster economic growth. Which of the following is one of those factors?
A) expansion of international trade B) increased government expenditure C) increased taxes on saving D) promotion of consumption expenditure
Employers and workers in the protected industry know that the consequences of protection are principally:
a. lower prices for their output, lower profits for owners, and lower wages for workers. b. higher prices for their output, lower profits for owners, and lower wages for workers. c. higher prices for their output, lower profits for owners, and higher wages for workers. d. lower prices for their output, higher profits for owners, and higher wages for workers. e. higher prices for their output, higher profits for owners, and higher wages for workers.