Imports are included in gdp
a. true
b. false
b. false
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The capital ratio is the ratio of a bank's
A) assets divided by its liabilities. B) income divided by its assets. C) capital divided by its assets. D) capital divided by its total liabilities.
Market power is illegal
A) True, no one is allowed to charge a price greater than marginal cost. B) False, firms can freely choose their prices. C) True, no one is allowed to charge a price greater than average cost. D) False, because market power guarantees price equal to average cost.
Competitive pricing has not developed in the health care industry due to the following factors, except:
A. The government bans competitive pricing in health care B. Consumers rarely shop around for health care providers C. Insurance covers most consumers' cost of health care D. Consumers are often wary of low prices in health care
If the GDP deflator is less than 100, which will be higher: nominal GDP or real GDP? Why?
What will be an ideal response?