What is the chain-weighted price index for GDP in the base year?
A. 0
B. 1
C. 100
D. The answer depends on the price index for the current year.
Answer: C
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Voluntary free trade results in:
a. population growth. b. inflation. c. higher living standards. d. income disparity. e. unemployment.
If the simplified version costs $2 million and its probability of success is 75%, whereas the cost of the complicated version is $10million, what is the minimum probability of success for the complicated version that would make the firm indifferent between the two software?
a. 0.3 b. 0.31 c. 0.32 d. 0.33
Which of the following industries would see firms reach their minimum efficient scale at relatively low levels of output?
A. Hair salons. B. Automobile manufacturers. C. Software companies. D. Oil refineries.
An increase in the supply of labor generates
A) increased unemployment. B) lower wages. C) an offsetting increase in the demand for labor. D) a decrease in the quantity demanded of labor.