When gross private domestic investment exceeds depreciation, it can be concluded that:
A. the economy is exporting more than it imports.
B. net investment is positive.
C. the economy is importing more than it exports.
D. net investment is negative.
Answer: B
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In 1997 the Federal Trade Commission was granted a preliminary injunction on a proposed merger between Staples and Office Depot
The FTC was able to convince the federal district court that allowing the merger would create the potential for anticompetitive prices since it would give the newly merged company a 75% market share and would only leave Office Max as the remaining office supply superstore. Critically evaluate the FTC's use of "office supply superstores" as the relevant market.
Refer to Table 17-3. What is Hotspur's profit maximizing quantity of labor?
A) 2 workers B) 3 workers C) 5 workers D) 6 workers