When determining value added, national income accounting systematically ignore
A) accounting profits.
B) economic profits.
C) accounting losses.
D) the expected market value of unsold inventory.
B
You might also like to view...
The statement, "My Hello Kitty Limited Edition Vespa scooter is worth $5,500" represents money's function as a
A) medium of exchange. B) store of value. C) standard of value. D) commodity.
Which of the following statements about price elasticity of demand is false?
A) The value of the price elasticity of demand along a downward-sloping demand curve is always negative. B) If quantity demanded changes by a larger percentage than the percentage change in price, demand is elastic. C) The value of the price elasticity of demand is the reciprocal of the value of the demand curve's slope. D) A linear downward-sloping demand curve has a varying price elasticity coefficient.
All of the following are examples of changes in U.S. assets abroad except
a. Disney opens a new theme park in Brazil b. a U.S. citizen buys stock in a British car company c. a Japanese investor buys U.S. government bonds d. McDonald's closes an unsuccessful restaurant in Russia e. Exxon builds an oil refinery in Mexico
"The Jungle", Upton Sinclair describes the meatpacking industry in Chicago at the beginning of the twentieth century. The unregulated meatpacking companies had very low health and safety standards, and they exploited their employees unmercifully. Sinclair was describing a
A. socialist economy B. communist economy C. free market economy