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Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691Economics 12th Edition by William Baumol, Alan S Blinder
Edition 12ISBN: 978-0538453691 Exercise 10
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
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Verified
Investment
Investment refers to the add...
Economics 12th Edition by William Baumol, Alan S Blinder
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