Which of the following would increase this year's GDP?
A. A mother quits her job to take care of her newborn child
B. A $10,000 inheritance from Aunt Mary
C. Receipts from a yard sale
D. A commission charged by your broker when you sold 100 shares of Borden stock
Answer: D
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In many corporations, there is "separation of ownership from control." What does this mean?
A) The board of directors controls corporate operations, although the managers of the corporation own the corporation. B) Top corporate managers only make decisions that have been approved unanimously by shareholders. C) The shareholders control the corporation, although the board of directors owns the corporation. D) The managers of the corporation run the corporation, although the shareholders own the corporation.
The consumer's income is $800.According to the above figure, why doesn't the consumer choose the combination at point B?
A. The marginal utility per dollar spent on Y exceeds the marginal utility per dollar spent on X. B. The marginal utility of Y exceeds the marginal utility of X. C. The consumer is willing to give up more X for additional units of Y than the rate in the market. D. both a and c E. both b and c
Hedge funds can be described as:
A. low risk. B. moderate risk. C. only as risky as the entire stock market as measured by an index such as the S&P 500. D. very high risk.
The level of the exports of U.S. goods and services amounted to ________ trillion, or 14% of GDP in 2011
a. 2.1 b. 3.1 c. 4.1 d. 5.1