The term "satisficing" indicates an optimal choice
a. True
b. False
Indicate whether the statement is true or false
False
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The most liquid asset is
A) a house. B) stocks of a highly profitable company. C) gold. D) money.
According to this Application, by using a value-added approach to measure Wal-Mart's sales impact on the economy, we are
A) including GDP as a measure of welfare. B) using a chain-weighted index. C) avoiding double-counting. D) excluding the net foreign sector.
Aneta has owned an Italian sports car for several years and now she wants to sell it. She paid $8,500 for it in 1993 and she has just sold it for $39,000 in 2015 . How is this sale included in the GDP for 2015?
a. $8,500 is included in 2015 GDP b. $39,000 is included in 2015 GDP c. The increase in value of $10,500 is included in 2015 GDP d. It is not included in 2015 GDP
Which of the following groups would be most optimistic about the effects of economic growth?
A. Environmentalists B. Psychologists C. Economists D. Political Scientists