The gross domestic product (GDP) of a country measures the _____
a. market value of all intermediate goods and services produced by resources located within the country
b. market value of all goods and services produced by resources located outside the country
c. market value of all final goods and services produced by resources located within the country
d. value added to the economy by intermediate goods and services minus original cost
e. value of the total sales of financial assets
a
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Refer to Figure 4-3. Kendra's marginal benefit from consuming the first ice cream cone is
A) $9.00. B) $7.50. C) $3.50. D) $0.50.
What is one reason car dealerships might move away from perfect price discrimination to uniform pricing?
A) Perfect price discrimination doesn't work. B) Transaction costs erode the profit of perfect price discrimination. C) Consumers are ill-informed and tend to complain too much. D) Uniform pricing is always more profitable and more fair as well.
Which of the following is true?
a. Due to anti-employment discrimination legislation that was passed in the early 1960s, there was a large increase in the earnings of women relative to men in the 1960s and 1970s. b. The female/male earnings ratio for full-time workers rose substantially between 1980 and 2010. c. The number of women preparing for careers as professionals has declined during the last two decades. d. In 2010, only about 42 percent of those completing college degrees were women.
Which statement is true?
A. Most poor people are black. B. Most poor people are Hispanic. C. About one child in six lives in poverty. D. Old people have a higher poverty rate than children.