In the loanable funds market, which of the following is an example of investment demand?
A) Mark buying rare gold coins
B) Scott purchasing a rookie-year baseball card for last year's World Series MVP
C) Mary buying stocks for her retirement portfolio
D) Brian, owner of Bryan Games, purchasing computers to enhance the production of games
E) George purchasing United States savings bonds for his son's college fund
D
You might also like to view...
What is the essence of the problem with targeting with fiscal policy?
A. In order to meet interest rate targets, fiscal policy must be enacted very quickly. B. It is difficult for the government to determine the target unemployment rate. C. Economic data takes time to analyze, so the government may not know when the economy has reached its target. D. The government may not have projects ready that will employ the people who are unemployed.
In the above table, if the marginal revenue product is $26, how many workers will the profit maximizing monopsonist hire and what wage will they pay each worker?
A) 5; $18 B) 5; $16 C) 4; $16 D) 6; $30