The psychological rewards of inventing a new product generally result in ____ profits for entrepreneurs
a. below average
b. only average
c. above average
d. indeterminate
a
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The value of unpaid childcare services provided by a stay-at-home dad ________ included in GDP; the value of daycare services purchased from a licensed childcare provider ________ included in GDP.
A. is; is B. is not; is C. is; is not D. is not; is not
The major factor contributing to the appreciation of the dollar between 1995 to 2000 was:
A) decrease in capital inflows. B) increase in capital inflows. C) slow GDP growth in the U.S. D) none of the above.
The government promotes economic efficiency by producing in areas where the market fails to optimally allocate resources
a. True b. False
Centrally planned economies use free-market systems for their production planning.
Answer the following statement true (T) or false (F)