Which of the following is likely to lead to an increase in the gross domestic product of a country?
A) An increase in the tax rates in the country
B) An increase in the interest rate in the country
C) An increase in the capital stock of the economy
D) An increase in the unemployment rate in the country
C
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P-TV and QRS-TV are trying to decide whether to air a sitcom or a reality show in a given time slot. Viewers like both sitcoms and reality shows, but sitcoms are more expensive to produce than reality shows since real actors need to be hired. QRS-TV makes its decision first, and then P-TV observes that choice before making its decision. Both stations know all of the information in the decision tree below. 
Suppose QRS-TV enters into an agreement with P-TV that gives QRS-TV the exclusive right to air a reality show during this time slot. QRS-TV would have to pay P-TV ________ in order to persuade P-TV to enter into this agreement.
A. nothing B. at least $5 million C. more than zero, but less than $5 million D. at least $10 million
An economy has two workers, Paula and Ricardo. Everyday they work, Paula can produce 4 computers or 16 shirts, and Ricardo can produce 6 computers or 12 shirts. ________ has the comparative advantage in computers and ________ has the comparative advantage in shirts.
A. Paula; Ricardo B. Paula; Paula C. Ricardo; Paula D. Ricardo; Ricardo
According to the endowment effect, people are unwilling to sell a good they already own in which of the following situations?
a. if they are offered a price greater than the price they would pay if they did not already own the good b. if they are offered a price lower than the price they would have to pay to replace the good c. if they can't replace the good d. if the good was a gift that had great sentimental value
What is the real GDP after four years if Country A's average annual growth rate is 8.6 percent and the initial real GDP was $2,756.0 million?
A. $3,833.5 million B. $3,250.4 million C. $2,993.0 million D. $1,077.5 million