Which of the following is NOT included when calculating GDP?
A. the dollar value of tuition expenditures at a community college
B. the dollar value of a newly issued corporate bond
C. the dollar value of a new iPhone
D. the dollar value of a new car
Answer: B
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Refer to the figure below. Player B can infer that Player A will: 
A. always choose Up. B. always choose Down. C. choose Up when B chooses Left and choose Down when B chooses Right. D. choose Down when B chooses Left and choose Up when B chooses Right.
In the neoclassical model, an increase in the savings rate
a. causes a more than proportionate increase in the capital to labor ratio. b. results in a less than proportionate increase in the capital to labor ratio. c. results in a proportionate increase in the growth rate of output. d. None of the above
A perfect price discriminator receives a price equal to marginal revenue for each unit
What will be an ideal response?
Jennifer trades her autographed picture of Hulk Hogan for Alyssa's autographed picture of Pee-wee Herman, and both are happy with the exchange. This is an example of
A. Pareto optimality. B. general equilibrium. C. partial equilibrium. D. voluntary exchange.