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Macroeconomics 12th Edition by William Baumol,Alan Blinder
Edition 12ISBN: 978-1305033016Macroeconomics 12th Edition by William Baumol,Alan Blinder
Edition 12ISBN: 978-1305033016 Exercise 2
Which of the following acts constitute investment according to the economist's definition of that term?
a. Pfizer builds a new factory in the United States to manufacture pharmaceuticals.
b. You buy 100 shares of Pfizer stock.
c. A small drugmaker goes bankrupt, and Pfizer purchases its factory and equipment.
d. Your family buys a newly constructed home from a developer.
e. Your family buys an older home from another family. ( Hint: Are any new products demanded by this action?)
a. Pfizer builds a new factory in the United States to manufacture pharmaceuticals.
b. You buy 100 shares of Pfizer stock.
c. A small drugmaker goes bankrupt, and Pfizer purchases its factory and equipment.
d. Your family buys a newly constructed home from a developer.
e. Your family buys an older home from another family. ( Hint: Are any new products demanded by this action?)
Explanation
Verified
Verified
Investment
Investment refers to the add...
Macroeconomics 12th Edition by William Baumol,Alan Blinder
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