One difficulty of computing the value of GDP is that there are no market prices for
a. exports and imports.
b. business investments.
c. government goods and services.
d. resource values.
c
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An increase in the marginal product of capital shifts the
A) supply of capital curve rightward. B) supply of capital curve leftward. C) demand for capital curve rightward. D) demand for capital curve leftward.
A country that is half as productive at producing some goods as another country, but is one quarter as productive at producing others, will not be able to gain from trade
a. True b. False Indicate whether the statement is true or false
Which of the following countries have liberalized their economies and substantially improved their economic freedom rating since 1990?
a. Argentina and Brazil b. Zimbabwe and the Republic of Congo. c. Estonia and India d. Italy and France
Refer to Figure 18.4. With an import ban, what is the equilibrium price of gloves in Duckland?
A. $0 B. $8 C. $9 D. $12