Gross domestic product (GDP) equals the ________ of final ________ produced within a country during a given period of time.
A. market value; goods
B. market value; goods and services
C. quantity; goods and services
D. market value; services
Answer: B
Economics
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In a Dutch auction, the winner pays a price equal to ________
A) the market price of the good B) the value of the lowest bid C) his value for the good D) his bid
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List the major categories of tangible capital
What will be an ideal response?
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Profit maximization is
A. the only motive of any firm’s management. B. a behavioral assumption to simplify analysis. C. the same as satisficing. D. a literal description of a firm’s behavior.
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