A. The city park commission authorizes the construction of a new swimming pool. Which of the following does NOT constitute an act of “investment” as economists use the term? A. The city park commission authorizes the construction of a new swimming pool. B. An individual buys 100 shares of stock at $30 a share and then sells the stock at a profit for $35 a share. C. A corporate lawyer attends a seminar on changes in the federal tax code. D. A grocery store increases its inventory of potato chips and soft drinks before the Canada Day weekend.
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