The dollar value of stocks and bonds traded in a given year:
a. is included in the calculation of GDP
b. have no influence on GDP.
c. is included in the calculation of private investment.
d. is not included in GDP, but the broker commissions involved are included in GDP.
d
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Under what circumstances is a merger unlikely to be approved?
What will be an ideal response?
Suppose Brandon's benefit function for water is S(W) = W2. Brandon is:
A. risk averse. B. risk neutral. C. risk loving. D. There is not enough information to answer this question.
Exhibit 13-4: Market for Healthy Hands Lotion
?
In Exhibit 13-4, the makers of Healthy Hands Lotion discovered that the lotion can cause skin reactions, but it doesn't inform the buyers. While the market experiences imperfect information, the price and quantity will be
A. $5.00 and 50 units. B. $4.00 and 40 units. C. $6.00 and 40 units. D. $8.00 and 0 units.
As you move down the production possibility frontier, the absolute value of the marginal rate of transformation
A. increases. B. initially decreases, then increases. C. decreases. D. initially increases, then decreases.