Activities that are directly included in GDP accounts include:
a. the value of housework done by householders.
b. the selling of illegal drugs.
c. unreported labor in sweatshops.
d. buying a ticket to a Dodgers-Expos game on your day off.
d
You might also like to view...
Carlos receives a consumer surplus of $10 for the first glass of lemonade. For the second glass, he receives a consumer surplus of $8, and for the third glass, he receives a consumer surplus of $6 . His total consumer surplus from the three glasses of lemonade is _____
a. $10 b. $24 c. $14 d. $15
Elastic supply
What will be an ideal response?
The rational-expectations hypothesis implies that there is no need for government stabilization policies.
Answer the following statement true (T) or false (F)
If the wage rate increases:
A. a purely competitive producer will hire less labor, but an imperfectly competitive producer will not. B. an imperfectly competitive producer will hire less labor, but a purely competitive producer will not. C. a purely competitive producer and an imperfectly competitive producer will both hire less labor. D. an imperfectly competitive producer may find it profitable to hire either more or less labor.