The ____ is a monetary measure of the economy’s output during a specific time period and is used by all nations to measure and compare national production.
Fill in the blank(s) with the appropriate word(s).
Ans: Gross Domestic Product
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Of all barriers to entry, the most important are those that are due to
A) economies of scale. B) government-imposed barriers. C) the Herfindahl-Hirschman Index. D) ownership of a key input.
Which of the following is not a renewable resource?
a. salmon b. coal c. oak trees d. cattle e. solar energy
Bonds can be risky investments because
a. bondholders are paid from whatever remains after stockholders have been paid what the corporation owes them. b. if the corporation loses its assets, the bondholders may never recover their investments. c. the general price level may fall. d. the voting power of an individual bondholder may be more apparent than real.
Simple majority voting will generate the same result whether taxes are equally divided or unequally divided
Indicate whether the statement is true or false