If the boat industry produced $20 billion worth of boats, but $50 billion worth of boats were sold to consumers, the decrease in inventory would lead to
a. an increase in the nation's capital
b. more individuals investing in the automobile market
c. a decrease in the nation's capital stock
d. fewer individuals buying cars
e. an overestimation of boat production
C
Economics
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Which of the following is an example of a pure public good?
A) a lighthouse B) burritos C) a high school football game D) redwood forests
Economics
In the long run, a firm in monopolistic competition will
A) make a negative economic profit, that is, an economic loss. B) make zero economic profit, that is, a normal profit. C) make a positive economic profit. D) None of the above answers is necessarily correct because the amount of the profit or loss depends on the slope of the demand curve.
Economics