Which of the following would be included in total final product (GDP)?
A) Social Security
B) unemployment benefits.
C) U.S. semiconductors that are bought by a firm in Hong Kong
D) product produced in Canada that is bought by a firm in the U.S.
C
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Tom and Billy are playing a game. They both toss a coin simultaneously. If both are heads or tails, Tom wins. If the results of the tosses are different, Billy wins. This is an example of a(n) ________
A) prisoners' dilemma B) variable-sum game C) zero-sum game D) extensive-form game
The Prime Directive says look to
A) the market. B) the government. C) competitors. D) all of these choices.
When demand changes, there is a ____, whereas when the price changes, there is a ____. Question 14 options:
A. change in the quantity demanded; change in demand B. shift in the demand curve; movement along the demand curve C. movement in the quantity demanded; shift in buying plans D. movement along the demand curve; shift in the demand curve
Two items which have a negative cross price elasticity of demand are referred to as
A. inferior goods. B. complements. C. substitutes. D. luxury goods.