Which of the following is subtracted from GNP when calculating net national product?
a. Interest
b. Capital consumption allowance
c. Rent
d. Indirect business taxes
e. Income tax
b
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Sarah buys little stuffed animals for $5 each. They come in different varieties. If the producer stops making (retires) a certain variety, a stuffed animal of that variety will be worth $100; otherwise it is worth $0
There is 25% chance that any variety will be retired. For the purchase of an individual animal, what is the value to Sarah of knowing ahead of time whether or not that variety will be retired?
Grocery coupons and mail-in rebates are forms of price discrimination
a. True b. False Indicate whether the statement is true or false
There are currently about _______ million Americans who are members of labor unions.
Fill in the blank(s) with the appropriate word(s).
Suppose a policy change generates $200,000 of benefits for low-income families and $175,000 of costs for high-income and middle-class families. We can best describe the change as
A. Pareto efficient. B. equitable. C. potentially efficient. D. inefficient.