The service a homeowner performs when she mows her yard is not included in GDP because:
A. This is a nonmarket transaction
B. This is a nonproduction activity
C. This is a noninvestment transaction
D. Multiple counting would be involved
A. This is a nonmarket transaction
You might also like to view...
An increase in the perceived riskiness of Company A stock ________ the risk premium investors require to purchase Company A stock and ________ the price of Company A stock.
A. decreases; increases B. decreases; decreases C. increases; increases D. increases; decreases
Junk bonds are defined as those bonds the rating services consider to be
A) investment grade. B) high risk or speculative grade. C) financial grade. D) in default.
High profits in some risky industries attract additional entrepreneurs to those industries.
Answer the following statement true (T) or false (F)
The short-run supply curve for the perfectly competitive firm is that part of the marginal cost curve that lies above the average fixed cost curve
a. True b. False Indicate whether the statement is true or false