Comment on the following statement: "In economics, investment means a wide variety of things including purchases of stocks, bonds, and other financial assets."
What will be an ideal response?
The statement is false. In economics, investment refers only to an increase in capital. Purchasing stocks or bonds is a form of saving.
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Population grew prodigiously during the colonial period. What was/were the most important factor(s) fueling this increase?
(a) Immigration (b) Relatively low mortality and high birth rates (c) Relatively high mortality combined with high birth rates (d) Immigration and high birth rates
The residents of Ireland earn $200 million of income from abroad. Residents of other countries earn $300 million in Ireland. Therefore, Ireland's
a. net factor payments from abroad are positive, and its GDP is larger than its GNP. b. net factor payments from abroad are positive, and its GNP is larger than its GDP. c. net factor payments from abroad are negative, and its GDP is larger than its GNP. d. net factor payments from abroad are negative, and its GNP is larger than its GDP.