Economists Use the Word Investment to Refer to the Portion

question 10

Multiple Choice

Economists use the word investment to refer to the portion of income that is:

• A) spent on productive inputs, such as factories, machinery, and inventories.
• B) not immediately spent on the consumption of goods and services.
• C) placed in an individual's savings account.
• D) stored in any interest-bearing account.

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Definitions:

Victory Stele

A stone or metal pillar, typically erected to commemorate a victory in battle or a significant achievement, adorned with inscriptions and/or reliefs.

Ensi

Sumerian, “ruler.”

Eannatum

was a Sumerian king of Lagash circa 2500 BCE, known for expanding his city-state's territory through military conquest.

Glazed Tile Decorations

Decorative artwork made by applying a glass-like coating to ceramic tiles, which is then fired to create a smooth, often colorful surface.