Which one of the following transactions would be included in GDP?
a. Ms. Kim pays $50 for a used picture frame at a neighborhood garage sale.
b. Mr. Doe donates $500 to his town's junior college scholarship fund.
c. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident.
d. Ms. Smith pays $5,000 to purchase 100 shares of Microsoft stock (assume no sales commission is made on the exchange).
c. Ms. Bartolini pays $500 to fix the front end of her car damaged in a recent accident.
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One reason why firms would choose a salary system rather than a commission compensation system is that their employees might become less concerned about the quality of their work
Indicate whether the statement is true or false
Under a marketable pollution permit system, property rights to an externality are created so that a more efficient allocation of resources will result
a. True b. False Indicate whether the statement is true or false
Most foreign direct investment is in
A. the mining and extraction sector. B. the manufacturing sector. C. the agricultural sector. D. the service sector.
Typically a firm's "economic profit" will be
What will be an ideal response?