The two ways of measuring Gross Domestic Product are the __________ approach and the __________ approach
A) expenditure; income
B) expenditure; national product
C) national product; income
D) net national product; personal income
A
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Refer to Figure 9.2. A movement from point d to point a could be caused by a simultaneous ________ and ________
A) increase in the money supply; massive crop failure B) decrease in the money supply; increase in the price of oil C) decrease in taxes; decrease in the money supply D) decrease in government spending; decrease in the price of oil
The fact that the washroom usually has paper towels left (free to the consumer) suggests that the marginal utility of paper towels quickly diminishes to 0 for each consumer
a. True b. False
A relatively larger proportion of ____ work in unskilled jobs with lower pay than do ____
a. females; Caucasian males b. nonwhites; Caucasian males c. Caucasian males; females d. Both (a) and (b) are correct.
What is the equivalent tax-exempt bond yield for a taxable bond with an 8% yield and a bondholder in a 35% marginal tax rate? Explain.
What will be an ideal response?