Which of the Following Does NOT Constitute an Act of "Investment

question 71

Multiple Choice

Which of the following does NOT constitute an act of "investment" as economists use the term?

• A) The city council authorizes the construction of a new fire station.
• B) A retiree buys 50 shares of stock at $10 a share and then sells the stock at a profit for $20 a share.
• C) An accountant attends a seminar on changes in the federal tax code.
• D) A department store increases its inventory of football jerseys before the Super Bowl.

---

Definitions:

Chain Of Command

The formal line of authority within an organization, detailing how orders are passed down from higher to lower ranks.

Diversity

Differences among people in terms of identity, age, sex, race, physical ability, ethnicity, religious beliefs, values and mores, sexual orientation, and personality.

Identities

The qualities, beliefs, personality, looks, and expressions that make a person (or group) different from others.

Ethnicity

A category of people who identify with each other based on shared ancestral, social, cultural, or national experiences.