Which of the following does not constitute an act of "investment" as economists use the term?
a)a department store increases its inventory of football jerseys before the super bowl.
b)a retiree buys 50 shares of stock at $10 a share and then sells the stock at a profit for $20 ashare.
c)the city council authorizes the construction of a new fire station.
d)an accountant attends a seminar on changes in the federal tax code.
Answers: 1
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Which of the following does not constitute an act of "investment" as economists use the term?
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