Richard purchases a stock issued by Google, Inc., which uses thefunds to buy new machinery for one of its factories. In thelanguage of macroeconomics,
A. Richard and Google are both investing.
B. Richard is investing, Google is saving.
C. Richard is saving, Google is investing.
D. Richard and Google are both saving.
______________________________________________________________________________________
2. If a production function for a certain good is Y =A F (K, H,L, N) has decreasing returns to scale, and all factors ofproduction are essential producing this good, then output can bedoubled if (K, H, L, N stand for the quantities of physicalcapital, human capital, labor, and natural resource; A stands
PayPal Gateway not configured
PayPal Gateway not configured