Indicate whether each of the following descriptions represents saving or investment, as defined by a macroeconomist. a. This occurs when a person's income exceeds his consumption.
b. This occurs when a person or firm purchases new capital.

Indicate whether each of the following situations represents saving or investment.

1. Your family takes out a mortgage and buys a new house.
2. You use your $200 paycheck to buy stock in AT
3. You use your $200 paycheck to buy stock in AT&T. ( )
4. You borrow $1,000 from a bank to buy a car to use in your pizza delivery business. ( )

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $