Gross Domestic Product includes the sale of intermediate goods and services
a. True
b. False
Indicate whether the statement is true or false
False
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Techniques for estimating demand curves using direct observations from the marketplace are part of a family of statistical techniques referred to as:
a. legal studies. b. Econometrics. c. policy analysis. d. Economic expansion.
If the company plans to produce 9 units, which technology should the firm choose?
a. Technology A b. Technology B c. Either technology because they are equally cost efficient d. Need more information
Two workers are employed in the same job by the same firm; however, they are paid different wage rates. This could be explained by differences in
a. the income effect b. the price of the firm's output c. their marginal products due to differences in ability d. working conditions e. risk
The quantity supplied of money is assumed (in the textbook) to be
A) inversely related to the interest rate. B) directly related to the interest rate. C) independent of the interest rate. D) determined exclusively by banks. E) c and d