The income generated by _____ will be included in the GDP of an economy
a. a professional working in small start-up firm outside the territory of the economy
b. a person selling marijuana to college students
c. a person selling electronic guides to tourists
d. a farmer selling oranges to a fruit juice manufacturer
c
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Explicit provisions in a loan agreement that prohibit the borrower from engaging in certain activities is called:
A) credit rationing B) restrictive covenants C) credit-risk analysis D) adverse selection
You know that a candy bar cost five cents in 1962 . You also know the CPI for 1962 and the CPI for today. Which of the following would you use to compute the price of the candy bar in today's prices?
a. five cents (1962 CPI / today's CPI) b. five cents ((today's CPI - 1962 CPI)/1962 CPI) c. five cents (today's CPI / 1962 CPI) d. five cents today's CPI - five cents 1962 CPI.
Which of the following is NOT necessary in order for a monopolist to practice effective price discrimination?
A) The marginal cost of providing the same good to different groups of buyers must be different. B) The monopolist must be able to segregate its market into different submarkets. C) The buyers in various markets must face different price elasticities of demand. D) The monopolist must have a downward sloping demand curve.
If C = 500 + 0.9Y and I = 400, then the equilibrium level of income is
A. 900. B. 1,000. C. 1,800. D. 9,000.