The difference between GNP and NNP is equal to:
a. the statistical discrepancy in calculation.
b. the capital consumption allowance.
c. the transfer payments.
d. the value of net exports.
e. the change in inventory.
b
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Each point on a demand curve shows
A) the consumer surplus received from purchasing a given quantity of a product. B) the legally determined maximum price that sellers may charge for a given quantity of a product. C) the willingness of consumers to purchase a product at different prices. D) the economic surplus received from purchasing a given quantity of a product.
________ in the domestic interest rate causes the demand for domestic assets to shift to the ________ and the domestic currency to depreciate, everything else held constant
A) An increase; right B) An increase; left C) A decrease; right D) A decrease; left
The least-cost abatement pattern will require all polluters to clean up on an equal basis
a. True b. False Indicate whether the statement is true or false
If an improvement in production technology causes a decrease in production costs, the result is a(n)
a. decrease in quantity supplied b. increase in demand c. increase in supply d. improvement is working conditions e. increase in quantity supplied