The term investment refers, in general, to

A) any action today that has costs today.
B) any action today that has costs today but provides expected benefits in the future.
C) only large projects, such as building a new factory, undertaken by private firms.
D) only the creation of capital goods undertaken by private firms or the government.

B

Economics

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If the firm threatens a lockout (and the threat is credible), what is the union's best response?

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Advantages of specialization do not include: a. reduced interdependence

b. the exploitation of comparative advantage. c. the ability to utilize more complex production processes. d. Productivity gains from learning by doing.

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