Markets are best defined as
A) arrangements where buyers and sellers get together to buy and sell.
B) specific geographic locations where people get together to buy and sell.
C) hypothetical constructs used to analyze how people form their tastes and preferences.
D) places where people can inspect goods and services carefully.
A
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Which of the following items is (are) not considered as part of the net investment calculation?
a. installation and shipping charges b. acquisition cost of new asset c. salvage value of old equipment that is being replaced d. first year's net cash flow e. c and d
The GDP growth rate:
A. is a measure to track changes in an economy over time. B. looks at changes in GDP across different time periods. C. is measured as the percent change in real GDP from one time period to the next. D. All of these statements are true.