GDP measures the output produced within a nation's borders

a. True
b. False


A

Economics

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If this is an open economy, the price of a car will be ________. 

A. $8,000/car B. $6,000/car C. $10,000/car D. $14,000/car

Economics

Collateral is used in all of the following credit arrangements, except

A) repurchase agreements. B) automobile loans. C) credit card lending. D) mortgage lending.

Economics

Which market structure would likely have the highest concentration ratio?

a. Monopoly b. Oligopoly c. Monopolistic competition d. Perfect competition

Economics

When used for production, the ________________ reflects the pareto efficient allocations of inputs to produce Goods 1 and 2

Fill in the blank(s) with the appropriate word(s).

Economics