Ans: D) the bonus check a stockbroker gets from his/her company in 2013
Which of the following would be counted in 2013's GDP?
A) the value of a bond sold by the federal government
B) the value of a loan you take in 2013
C) the value of a TV that was produced in 2012 but not sold until 2013
D) the bonus check a stockbroker gets from his/her company in 2013
Economics
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Which of the following goods is most likely to have the lowest price elasticity?
A) movie tickets B) DVD rentals C) gasoline D) pasta
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Refer to the figure below. From this graph, you can infer that paper production: 
A. generates no externalities at quantities less than 300 tons per day. B. should be prohibited. C. generates an external cost of $150 per ton per year. D. generates an external cost of $50 per ton per year.
Economics
The statement that "since a farmer will make more money if he has a bumper crop means that all farmers would make more money if they all had bumper crops" would be an example of which of the following?
A. truth in an obvious form B. the fallacy of composition C. the fallacy that correlation is the same as causation D. none of the options are correct
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If 11 workers can produce 53 units of output while 12 workers can produce 56 units of output, what is the marginal product of the 12th worker?
A) 0.16 B) 3 C) 4.67 D) 36
Economics