Which of the following expenditures are not included in the consumption component of GDP?
What will be an ideal response?
purchase of a new home
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A corporation has sold 1,000 shares of stock at a value of $100 each. Bob is a stockholder. If the corporation fails and has $3 million dollars of debt and only $500,000 in assets, what is the most Bob can lose if Bob owns 25 shares of stock?
a. $100 b. $250 c. $1,000 d. $2,500 e. 0
Which of the following is the BEST example of a good that is nonrival and excludable?
A) a can of Mountain Dew B) fish in the ocean C) cable television D) national defense
Frederic Bastiat formulated
A. the theory of absolute advantage. B. the theory of comparative advantage. C. the petition of the candlemakers to shut out the sun. D. the infant industry argument.
Refer to Table 11.1. What is the value of the tax multiplier?
A) -0.67 B) -1.875 C) 2.33 D) 3