when economists refer to investment,'' they are describing a situation where

Let us know if you have suggestions to improve this article (requires login). In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made. financial assets are purchased in the hope of a monetary gain. Below are some … B. resources are devoted to increasing future output. When economists refer to "investment." Privacy This would suggest that airline ticket prices are: Which of the following statements is most accurate about advanced economies? This involves the discovery of two key elements: what governs the way in which human labour, machines, and land are combined in production and how buyers and sellers are brought together in a functioning market. occur when sellers face unexpected changes in the availability and/or prices of key inputs. These questions are representative of microeconomics, the part of economics that deals with the behaviour of individual entities such as consumers, business firms, traders, and farmers. resources are devoted to increasing future output. C. money is saved in a bank account. Most economists, though certainly not all of them, believe different methods are needed for studying … Boeing building a new factory Oprah buying a $10 million home from a fellow celebrity A stockbroker buying 10.000 shares of Starbucks stock I). B. a communication network that allows individuals to keep in touch with each other. Higher rates of unemployment are linked with: higher crime rates as the unemployed seek to replace lost income. Why are high rates of unemployment of concern to economists? D. financial assets are purchased in the hope of a monetary gain. Nike buys a new machine that increases shoe production. firms are worried that frequent price changes would annoy consumers. resources are devoted to increasing future output. Please select which sections you would like to print: Corrections? When economists refer to "investment," they are describing a situation where: people are buying shares of corporate stock. Many economists have … All of the above For an economy to increase investment, it must: increase saving. When economists refer to "investment," they are describing a situation where: A. people are buying shares of corporate stock. A dramatic increase in energy prices increases production costs for firms in the economy. Ο resources are devoted to increasing future output Ο money is saved in a bank account < Prev 19 of 20 A. When economists refer to "investment." Course Hero is not sponsored or endorsed by any college or university. This year Harry's again produced 10,000 large pepperoni pizzas (identical to last year's pizzas) but sold them for $12 each. Which of the following would an economist consider to be investment? actual economic events do not match what people expected. Economies experience a positive growth trend over the long run but experience significant variability in the short run. Economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. B. resources are devoted to increasing future output. Consumers become worried about job loss and buy fewer goods and services than expected. Economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth. D) resources are devoted to increasing future output. 37) When economists refer to "investment," they are describing a situation where: A) financial assets are purchased in the hope of a monetary gain. When economists refer to "investment," they are describing a situation where: A. people are buying shares of corporate stock. Be on the lookout for your Britannica newsletter to get trusted stories delivered right to your inbox. When economists refer to investment they are describing a situation where A, 65 out of 68 people found this document helpful. | B. resources are devoted to increasing future output.

they are describing a situation where: people are buying shares of corporate stock.

For an economy to increase investment, it must: If an economy wants to increase its current level of investment, it must: A. comes at the expense of reduced current investment. Based on this information we can conclude that Harry's production of large pepperoni pizzas: increased nominal GDP from last year, but real GDP was unaffected. buy more stocks and bonds. The term "recession" describes a situation where: Which of the following is most closely related to recessions? occur when sellers face unexpected changes in the availability and/or prices of key inputs. Which of the following is an example of a supply shock? financial assets are purchased in the hope of a monetary gain. Which of the following results from firms holding inventories? When economists refer to "investment," they are describing a situation where: Score: 0/1 10.

short-run fluctuations in output and employment. Nominal GDP would rise, but real GDP would be unchanged. This year Harry's again produced 10,000 large pepperoni pizzas (identical to last year's pizzas) but sold them for $12 each. Higher rates of unemployment are linked with: higher crime rates as the unemployed seek to replace lost income. short-run fluctuations in output and employment. A dramatic increase in energy prices increases production costs for firms in the economy. The term "recession" describes a situation where: When demand shocks lead to recessions, it is mainly due to: Prices for airline tickets change on average about once per month. Refer to the figures. When economists refer to "investment," they are describing a situation where: ... refer to unexpected changes in the desires of households and businesses to buy goods and services. increase present consumption. Economics was formerly a hobby of gentlemen of leisure, but today there is hardly a government, international agency, or large commercial bank that does not have its own staff of economists. C. always have a negative impact on the economy. Because prices of the various things must be interrelated, economists therefore ask how such a “price system” or “market mechanism” hangs together and what conditions are necessary for its survival. Unemployment describes the condition where: a person cannot get a job but is willing to work and is actively seeking work. University of Tennessee, Martin • ECON 201. C. can only occur if the government increases the amount of money in circulation. © 2003-2020 Chegg Inc. All rights reserved. 25. Which of the following statements best describes price flexibility in the economy? When Economists Refer To "investment." View desktop site, When economists refer to "investment." When economists refer to "investment," they are describing a situation where: resources are devoted to increasing future output. they are describing a situation where Multiple Choice Ο people are buying shares of corporate stock.

Articles from Britannica Encyclopedias for elementary and high school students. The average number of months between price changes for gasoline is: When economists refer to "investment," they are describing a situation where: resources are devoted to increasing future output. When Economists Refer To "investment." A. refer to unexpected changes in the desires of households and businesses to buy goods and services. But these examples still do not exhaust the range of problems that economists consider. If the prices of all goods and services rose, but the quantity produced remained unchanged, what would happen to nominal and real GDP? Financial investment refers to the purchase of assets for financial gain; economic investment refers to the purchase of newly created capital goods. Prices tend to be sticky in the short run but become more flexible over time. Why are economists concerned about inflation? Indeed, this can be considered “the age of economists,” and the demand for their services seems insatiable. This textbook can be purchased at www.amazon.com. prices are sticky, but output is flexible. Ο resources are devoted to increasing future output Ο money is saved in a bank account < Prev 19 of 20 A

Perhaps the only foolproof definition is that attributed to Canadian-born economist Jacob Viner: economics is what economists do.

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