A drug dealer earned $85,000 during a year by selling illegal drugs. His income will:
A) cause the GDP of his country to increase. B) not affect the calculation of his country's GDP.
C) cause the GDP of his country to decrease. D) lead to an increase in his country's exports.
B
You might also like to view...
Employees at Bank of America are good at providing banking services and workers at Ben & Jerry's are good at making ice cream
If some bankers are moved to making ice cream, we get a small increase in the amount of ice cream produced and a large decrease in the amount of banking services provided. If the PPF has banking services on the vertical axis and ice cream on the horizontal axis, the effect of the change reflects A) decreasing opportunity costs. B) a bowed out PPF for banking services and ice cream. C) production efficiency. D) a shift to a flatter PPF.
Suppose the government imposes a price ceiling that is lower than the equilibrium price. Discuss the effect, if any, on the price and quantity if the government later removes the price ceiling
What will be an ideal response?
Type II errors are
a. False negatives b. False positives c. True negatives d. True positives
You decide that it is time to buy a big family car. The opportunity cost you consider is:
a. the cost of the car. b. the increase in comfort for your family while traveling. c. the return this money would have earned if it was invested otherwise. d. the inconvenience you and your family are bearing on account of your old car.