Use the figure below to answer the following question. The case of complementary goods is represented by figure

A. 1.
B. 2.
C. 3.
D. 4.


Answer: C

Economics

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What will be an ideal response?

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Which of the following would be counted in the calculation of GDP?

a. the sale of a rare, old coin to a coin collector b. the damage to a house caused by a hurricane c. the brokerage commission from the sale of 100 shares of Microsoft stock d. the sale of cocaine in the black market

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Which of the following policies may decrease the level of capital intensity in industry?

a. an increase in the cost of capital b. a decrease in the minimum wage c. an increase in the elasticity of substitution d. All of the above

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Which of the following does not explain why specialization increases output?

A. Specialization capitalizes on differences in ability. B. Specialization fosters learning by doing. C. Specialization promotes self-sufficiency and independence. D. Specialization saves time by eliminating shifting between tasks.

Economics