Net investment equals
A. depreciation plus GDP.
B. gross investment minus final sales.
C. GDP minus final sales.
D. gross investment minus depreciation.
Answer: D
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Refer to the diagram above, which represents a country's supply and demand for an internationally traded good. If PW is the world price, and a foreign country engages in dumping by selling at P2, total domestic consumption will ________ to ________
A) increase; Q2 B) decrease; zero C) increase; Q5 D) increase; Q3
To negotiate a higher wage rate, a union cannot
a. start with a strike and then work to reach a contract to end the strike b. negotiate in good faith and expect to hold its bargaining power c. negotiate without consulting other unions d. offer a supply curve of labor that is vertical e. offer a supply curve of labor that is horizontal