If a meat shop owner sells meat to a restaurant and, in the evening, visits the same restaurant to enjoy some barbeque, then the amount paid by the meat shop owner to the restaurant will be counted twice in the GDP
a. True
b. False
Indicate whether the statement is true or false
False
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There are 10 identical internet service providers (ISPs) in a city serving a market demand with an elasticity of -1.5. The elasticity of supply for each firm is 3.0. The elasticity of demand faced by an individual ISP is
A) -42. B) -15. C) -1.5. D) -27.
In the health insurance context, moral hazard occurs when patients make less healthy choices and doctors provide treatments that have little medical benefit because they know the costs will be covered by insurance.
Answer the following statement true (T) or false (F)
The United States faced the most serious financial crisis since the Great Depression during the period of 2007-2008.
Answer the following statement true (T) or false (F)
Debt instruments that have maturities less than one year are traded in the:
A. money market. B. primary market exclusively. C. bond markets exclusively. D. bond market if they are already in existence.