The World Health Organization (WHO) reporting guidelines have established a strict definition of a live birth. It includes:
a. infants with gestational age greater than 28 weeks.
b. infants who breathe or show signs of life.
c. infants with birth-weight greater than 1,000 grams.
d. infants who have length of survival of more than 24 hours.
b. infants who breathe or show signs of life.
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Which of the following transactions will be included in the calculation of GDP using the expenditure method?
A) The sale of a used car by a consumer B) The payment made to a construction worker C) The purchase of a treasury bond by an investor D) The purchase of a private jet by the CEO of a company
If Slovenia were a large country in world trade, then if it imposes a large set of tariffs on its imports, this must
A) decrease the internal price of imports below the world market rate. B) cause retaliation on the part of its trade partners. C) harm Slovenia's real income. D) improve Slovenia's real income. E) improve the real income of its trade partners.
How might real business cycle theorists respond to evidence of procyclical inflation?
What will be an ideal response?
If a monopolistically competitive firm is suffering losses in the short run:
A. the exit of competing firms will cause price to drop, but not affect the firm's demand curve. B. the exit of competing firms will shift the firm's demand to the right. C. the exit of competing firms will shift the firm's demand to the left. D. the exit of competing firms will cause price to rise, but not affect the firm's demand curve.