Multiple Choice
Which of the following is an act of economic "investment"?
A) The state legislature authorizes the sale of a state park.
B) An entrepreneur buys 5,000 shares of stock at $5 a share and then sells the stock at a profit for $60 a share.
C) A brewer purchases a new fermentation system for his beer.
D) A teacher deposits $500 in a retirement account.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Refer to the information provided in Figure
Q24: Refer to the information provided in Figure
Q25: Assume a society can produce either beer
Q26: Refer to the information provided in Figure
Q27: According to the theory of _, specialization
Q29: A command economy is one in which
Q30: Related to the Economics in Practice on
Q31: In a command economy, _ establish(es) what
Q32: When two people trade, one must lose
Q33: Refer to the information provided in Figure