Adjusting GDP downward for the impact industry has on the environment results in a number that is greatly disputed, but is often referred to as
A. "environment-neutral GDP."
B. "resource-adjusted GDP."
C. "green GDP."
D. "eco-output."
Answer: C
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Sarah can bake 200 cookies in an hour or watch her favorite tv show. If she chooses to watch her show, her opportunity cost is
a. 200 cookies b. 100 cookies c. 150 cookies d. Need more information
Which of the following would not shift demand curve for union labor to the right?
a. increased demand for union-made goods b. increased labor productivity by lowering quit rates c. increased supply of products that compete with union-made products d. increased labor productivity through better labor-management relations e. appeals to consumers to buy only union-made products
The strategy underlying price discrimination is
a. to charge higher prices to customers who have good substitutes available to them and lower prices to customers without many substitutes available to them.. b. to charge everyone the same price but limit the quantity they are allowed to buy. c. to increase total revenue by charging higher prices to those with the most inelastic demand for the product and lower prices to those with the most elastic demand. d. to reduce per-unit cost by charging higher prices to those with the most inelastic demand and lower prices to those with the most elastic demand.
The primary mission of the World Bank today is to
A) provide capital to underdeveloped countries. B) provide capital to firms around the world. C) provide financial assistance for the reconstruction of war-damaged nations. D) help countries manage their exchange rates.