What does MEC stand for in relation to investment?
A) The marginal efficiency of consumption
B) The marginal effective consumption
C) The marginal external capital
D) The marginal efficiency of capital
Correct Answer:
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Q1: In economics "investment" refers to:
A) Savings by
Q3: Firms will invest up to the point
Q4: The accelerator shows the relationship between:
A) Gross
Q5: An improvement in business expectations will:
A) Lead
Q6: The increase in national income relative to
Q7: If a consumer spends £80 out of
Q8: Investment is a withdrawal from the circular
Q9: According to the accelerator an increase in
Q10: To find net investment from gross investment
Q11: Which of the following is an example
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