A car sold from a used car lot
A. would only be counted in Gross Domestic Product (GDP) if it was a foreign made car.
B. would be counted in Gross Domestic Product (GDP).
C. would fall under net exports, and would then be counted in Gross Domestic Product (GDP).
D. would not be counted in Gross Domestic Product (GDP).
Answer: D
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According to economists
A) market capitalism is the best system available and some government intervention and regulation can either help or harm the social interest. B) market capitalism is the best system available and any government intervention and regulation will inevitably harm the social interest. C) centrally planned socialism is the best system available since governments generally make decisions that are in social interest. D) centrally planned socialism and pure market capitalism are equally capable of promoting social interest, but a mixed economy is an undesirable compromise between the two that will harm social interest.
What is the amount that individuals would have been willing to pay, minus the amount that they actually paid?
a. efficiency b. consumer surplus c. social surplus d. deadweight loss
The relative importance of housing in the breakdown of consumer spending is
a. 42 percent. b. 15 percent. c. 6 percent. d. 4 percent.
In repeated games:
A. players no longer need commitment strategies to reach a mutually beneficial equilibrium. B. negative-negative outcomes are the only outcomes possible. C. players will never reach a mutually beneficial equilibrium. D. there are no dominant strategies.