This year, Tom sold his 1998 minivan to Honest John's Used Car Emporium for $5,000 . Honest John then sold the van to Bob for $7,000 . How much would be recorded in GDP this year from these transactions?
a. $0
b. $2,000
c. $5,000
d. $7,000
e. $12,000
B
Economics
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If the price is $110 per unit, what is the break even amount of units for technology B?
a. 20 b. 25 c. 30 d. None-They would have to shut down
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If the quantity demanded exceeds the quantity supplied in a market, then the result is which of the following?
a. Deadweight loss b. Inefficiency c. Underproduction d. Each of these are true.
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Which of the following is not a financial asset?
a. a corporate bond b. a piece of real estate c. an IOU d. a share of Coca-Cola stock e. a Treasury bond
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Unbalanced oligopolies are not stable
Indicate whether the statement is true or false
Economics