Which of the following best describes a nation's Gross Domestic Product?
A) the market value of all goods and services produced in the economy, including intermediate goods
B) the market value of all goods and services less depreciation
C) the constant dollar value of all goods produced in the economy during a year period
D) the total market value of all final goods and services produced in the economy during a year
D
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What is the conclusion in the prisoners' dilemma?
A) Firms should not enter a legal duopoly. B) Two prisoners acting in their own best interest harm their joint interest. C) There is no Nash equilibrium available to the prisoners. D) Prisoners do not act interdependently. E) Duopolies almost always reach their best outcome.
Assume that Y is normally distributed N? (??, ?2?). Moving from the mean ?(??) 1.96 standard deviations to the left and 1.96 standard deviations to the? right, then the area under the normal p.d.f.? is:
A) 0.67 B) 0.05 C) 0.95 D) 0.33
A count variable refers to a dependent variable that can take on:
A. nonnegative integer values. B. nonnegative fractional values. C. negative fractional values. D. negative integer values.
Javier goes to an all-you-can-eat buffet at a Chinese restaurant and consumes three plates of food. Which of the following explains why the third plate of food does not provide as much satisfaction as the second plate?
A. The law of expanding externalities. B. The rule of total utility. C. The law of supply. D. The law of diminishing marginal utility.