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When final sales are larger than GDP,a. inventories did not changeb. a net increase in inventories took placec. a net decrease in inventories took placed. the direction of any net change in inventories is uncertain
The total value added in the production of a final gooda. exceeds the price of the final goodb. equals the price of the final goodc. exceeds the total payments made to owners of productive resources used in the productiond. both (b) and (c)
Discharges of chemicals from a paper plant that pollute a nearby river represent an example ofa. internal costsb. the underground economyc. social costsd. transfer costs
An increase in the price level adds to the value of the nominal GDP but not to the real GDP.TrueFalse
The GDP excludes the production of services for which no monetary transaction takes place.TrueFalse
Statistical analysis indicates that a=0.8 and b=0.3. The firm's owner claims the plant has increasing returns to scale.
Illustrate what is the present value assuming a discount rate. Level of consumption or saving will be illustrate what.
What price-output combination would exist with efficient pricing (MC = P)? Draw a graph with MC, Demand curve and MR curves for the problem above.
If American cheese also cheddar cheese are substitute afterward which of the following would increase the demand for cheddar cheese.
The project management role has several responsibilities in the area of scope. Which of the following represent these areas for scope.
There are about 34,000 full service restaurants in Miami-Dade County, Florida with a population of about 2.5 million. What type of market structure is the restaurant business in Miami-Dade County? Are there submarkets with distinct characteristics? E..
annual cost of $10,000, and a salvage value of $5,000 after its 10 year life. At an interest rate of 10% per year, what is the capitalized cost of the alternative?
If agricultural price subsidies have the effect of lowering resource costs for farmers, use a supply and demand graph to show the effects on the market for food. Illustrate what are the implications for American public health.
What kinds of people are most likely to have their utility reduced by such a law. Why do you think that the government requires such insurance.
Consider a consumer with $10 to spend on these 2 goods where the price of apples is always $2 every.
Illustrate what is an opportunity cost. Elucidate how does the idea relate to the definition of economics.
In autarky, Jackson produces and consumes 30 units of cattle and 80 units of wheat, while Tahoe produces and consumes 80 units of cattle and 60 units of wheat. Based on this information.
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