Which of the following is included in GDP?
a. the market value of rental housing services, but not the market value of owner-occupied housing services.
b. the market value of owner-occupied housing services, but not the market value of rental housing services
c. both the market value of rental housing services and the market value of owner-occupied housing services
d. neither the market value of owner-occupied housing services nor the market value of rental housing services.
c
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What will be an ideal response?
As of 2008, the members of the WTO account for what percentage of world trade?
A) 3 percent. B) 23 percent. C) 57 percent. D) 97 percent
Bank accounts and bonds are examples of money-fixed assets
a. True b. False Indicate whether the statement is true or false
The demand for cars in a certain country is given by: D = 20,000 - P, where P is the price of a car. Supply by domestic car producers is: S = 5,000 + 0.5. If this economy is open to trade, and the world price of a car is $6,000, and the government imposes a quota allowing 3,000 cars to be imported, then domestic price of the car will be ________.
A. $6,000 B. $8,000 C. $10,000 D. $5,000