Which of the following would directly increase the capital stock of an economy?
A) An individual purchases shares of corporate stock
B) An individual purchases high-risk corporate bonds
C) A business firm expands its production facilities
D) A bank uses cash reserves to purchase shorthand long-term government securities
E) The government implements a spending program to cover prescription drugs for Medicare reciepts
Ans: C) A business firm expands its production facilities
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The objects that we use as money today are
A) checks and credit cards. B) currency and checks. C) currency and deposits. D) deposits and checks. E) currency, deposits, and gold.
"A single-price monopolist charges a higher price and produces more output than a perfectly competitive industry." Is the previous statement correct or incorrect? Explain your answer
What will be an ideal response?