The residents of country A earn $500 million of income from abroad. Residents of other countries earn $200 million in country A. These earnings are accounted for in country A's
a. GNP which is larger than GDP in country A.
b. GNP which is smaller than GDP in country A.
c. GDP which is larger than GNP in country A.
d. GDP which is smaller than GNP in country A.
a
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Typically, employers compete with each other in the labor market to get and to retain the best possible workers. Explain how such competition might prevent the unemployment rate from ever being close to zero
What will be an ideal response?
Incomes for adults vary widely across race and gender in the United States. These differences could be due to:
A. education. B. experience. C. choice of occupation. D. All of these can explain the differences.
Money and income are used interchangeably by noneconomists but mean different things
a. True b. False Indicate whether the statement is true or false
Figure 11-5
In Figure 11-5 are the cost and revenue curves of a monopolist in the theater market, Crown Theater, which is the only movie theater in the city. At its profit-maximizing quantity of tickets sold, movie goers will buy ____ tickets.
a.
60
b.
100
c.
120
d.
140