Spending on newly constructed homes is part of the investment component of GDP.
Answer the following statement true (T) or false (F)
True
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MVA (Market Value Added)
A) will always be a positive number. B) may be a negative number. C) measures the market value of the firm. D) None of the above
Jim is haggling with a car dealer over the sale price of a used car. When he entered the store he was the only customer. During the negotiations, a second customer walks in and is interested in that particular car. At this point
a. Jim has a better chance of having his offer accepted, since the seller does not have any outside offers b. Jim has lower chances of having his offer accepted, since the seller has more outside offers c. The disagreement value for the seller has increased d. This should not impact Jim's chances of having his offer accepted
Refer to the above table. Assume the consumer spends his entire income. If the consumer's optimum at the current price of a movie is at 4 hotdogs and 4 movies, and the price of a hotdog is $1, what is the consumer's income?
A. $20 B. $40 C. $28 D. $16
According to ________, trade between two countries allows each of the trading countries to allocate its resources most efficiently.
A. the General Agreement on Tariffs and Trade B. the theory of absolute advantage C. the Heckscher-Ohlin theorem D. the theory of comparative advantage