Which of the following would be counted as a final good for GDP?
a. a used truck
b. lumber for construction
c. steel for manufacturing
d. a new house
d. a new house
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Refer to the below graphs. (Assume that the pre-migration labor force in Country A is 100 and that it is 150 in country B.) What part of domestic output in country B is the total wage bill before and after the immigration?
A. $1,700M before and $2,250M after
B. $2,250M before and $1,700M after
C. $1,500M before and $2,250M after
D. $1,700M before and $1,500M after
If people increase their rate of time preference
A) more credit is made available in the banking system. B) less credit is made available in the banking system. C) the demand for credit shifts left. D) the supply of credit shifts right.
In a monopoly
a. the industry has high barriers to entry b. the industry has high barriers to exit c. the industry has high barriers to entry and exit d. the industry has no barriers to entry or exit
With railroads, ________ considerations were given to rural areas at the expense of urban areas.
Fill in the blank(s) with the appropriate word(s).