Why might businesses decide to hold on to products to sell later when the economy is experiencing high levels of inflation?
A. Taxes will limit production.
B. Prices will continue to rise.
C. Cash will be in short supply.
D. Income will remain constant.
B. Prices will continue to rise.
Economics
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In the United States in 2013, the Bureau of Economic Analysis began counting spending on research and development as ________, which counts as a part of GDP
A) intermediate goods B) investment C) consumption D) depreciation
Economics
Which of the following is necessary for the presence of competition in a market?
a. Government regulations that assure firms will make excess profits. b. Suppliers that offer a homogeneous product. c. A price that always equals per-unit production costs. d. Low barriers to entry into the market.
Economics