In 2010, personal consumption expenditures constituted ________ percent of nominal GDP
A) 70.6
B) 17
C) 18
D) -5.4
A
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The dollar price of a good relative to the average dollar price of all other goods and services is the good's:
A. nominal price B. equilibrium price C. market price D. real price
Granting all producers access to transmission lines opened up an effective market for electricity
Indicate whether the statement is true or false
After graduating from college, Jim had three choices, listed in order of preference: (1) Move to Florida from Philadelphia, (2) work in a car dealership in Philadelphia, or (3) play soccer for a minor league in Philadelphia. His opportunity cost of moving to Florida includes
a. the benefits he could have received from playing soccer b. the income he could have earned at the car dealership c. both a and b d. cannot be determined from the given information
Cartels are formal agreements and are _____ in the United States.
a. legal b. rare c. common States d. illegal