Which Would Be Considered an Investment According to Economists

question 26

Multiple Choice

Which would be considered an investment according to economists?

• A)A fishing-company owner buys Google shares.
• B)A fishing company buys a few boats from another fishing company that was closing out.
• C)A fishing-company owner buys new fishing gear.
• D)A fishing-company owner buys fuel to run the boats.

Grasp the impact of technological and external factors on the demand and supply of resources.

Evaluate the impacts of resource productivity changes on firm output.

Understand the relationship between resource prices, marginal revenue product, and employment levels in perfectly competitive firms.

Distinguish between complements and substitutes in resource usage.

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Definitions:

Conventional Oil

Oil that is produced through traditional drilling methods, as opposed to unconventional methods like fracking.

Net Energy Ratio

A measure comparing the amount of energy available from a resource to the amount of energy used to obtain that resource.

United States

A country in North America consisting of 50 states and a federal district, known for its significant influence on world economics, politics, and culture.