market
What will be an ideal response?
an arrangement that allows buyers and sellers to make exchanges
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For the purposes of GDP accounting, government purchases
A) include transfer payments. B) are considered part of investment. C) include wages and benefits paid to government workers. D) are considered part of consumption.
Which of the following countries is not one of the top three exporting countries in the world?
A) South Korea B) Germany C) the United States D) China
Refer to Scenario 5.5. Which of the following statements is true?
A) The expected cost of not fixing the car is less than the cost of fixing it. B) The expected cost of not fixing the car is greater than the cost of fixing it. C) It is not possible to tell whether the expected cost of fixing the car is less than the cost of fixing it, because the probabilities are subjective. D) It is not possible to tell whether the expected cost of fixing the car is less than the cost of fixing it, because the probabilities are not equal.
When applying the marginal principle, you should pick the level at which the activity's marginal benefit is less than its marginal cost.
Answer the following statement true (T) or false (F)