The category of "rent" in the income approach to GDP
A) does not have any connection to owner-occupied housing.
B) includes the money paid to use land and other rented inputs.
C) includes the money paid to rent apartments only.
D) includes the money paid to rent machinery only.
E) includes only the imputed rent for owner-occupied housing.
B
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Piece rates are practical when
A) individual output can be easily measured. B) the quantity of the work is of much less importance than quality. C) both employees and employers engage in opportunistic behavior. D) All of the above.
The beauty of Nash's equilibrium concept is that
a. all games have one. b. all games have no more than one. c. all games have a rich set to choose from. d. it is a Pareto optimum.
Low-income countries are classified as having
a. less than $1,025 per capita income. b. less than $5,000 per capita income. c. less than $9,190 per capita income. d. less than $12,475 per capita income.
The U.S. Secretary of the Treasury met with the Japanese Finance Minister to discuss possible cuts in the Japanese discount rate. The likely outcome of currency speculation in response to this news is that
a. the dollar will depreciate. b. the dollar will appreciate. c. the yen will appreciate. d. both the dollar and yen will appreciate.