The values of real GDP and real GNP are almost the same in countries where a significant fraction of domestic production takes place in foreign-owned firms
Indicate whether the statement is true or false
FALSE
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The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
A) cut the federal government's ties with Fannie Mae and Freddy Mac. B) prohibits banks from selling mortgage backed securities, which were largely to blame for the financial market crisis in 2007-2008. C) eliminated the Federal Deposit Insurance Corporation. D) had restrictions that try to limit risky investment by banks.
Sefronia and Bella share an apartment and they are deciding whether or not to purchase a weekly housecleaning service. The value of the service to each of them is $50 and it costs $80 to hire a housecleaner. Should they hire a housecleaner?
A) No, because each will wait for the other to hire the housecleaner. B) Yes, but only if a housecleaner will accept $50 so that each can take turns to pay the housecleaner. C) No, because it will be difficult for them to agree on which housecleaning service to use. D) Yes, if each contributes $50, then each stands to gain a consumer surplus.
Do you think that prices are more or less sticky today than 50 years ago? Why?
What will be an ideal response?
The government's chief forecasting gauge for business cycles is the chained real GDP indicators
a. True b. False Indicate whether the statement is true or false