Goods and services provided by state and local governments are:
A. included in GDP at cost.
B. excluded from GDP because they are not sold in markets.
C. included in GDP at market prices.
D. excluded from GDP because they are publicly provided.
Answer: A
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If giving to public goods is subsidized through deductions under a progressive income tax, the government subsidizes public goods consumed by higher income individuals at greater rates than public goods consumed by lower income individuals.
Answer the following statement true (T) or false (F)
It is not surprising to see a rather __________ volume of mergers and acquisitions in the United States given its __________-oriented financial system
A) high; banking B) high; markets C) low; banking D) low; markets
To maximize market share managers need to maximize profits
Indicate whether the statement is true or false
Ticket scalping can increase total surplus in the market for tickets to sporting events
a. True b. False Indicate whether the statement is true or false