The GDP does not measure
a. moving costs.
b. external costs.
c. depreciation costs.
d. military costs.
b. external costs.
You might also like to view...
The financing of government spending by issuing debt
A) causes both reserves and the monetary base to rise. B) causes both reserves and the monetary base to decline. C) causes reserves to rise, but the monetary base to decline. D) has no net effect on the monetary base.
The "real" price of a good is known as
A) the absolute price of the good. B) the dollar price of the good since we use dollars in the United States. C) relative price of the good. D) the price actually paid for a good instead of the sticker price.
The basic idea of maximization can be stated as follows:
What will be an ideal response?
Which of the following is NOT true about a cartel?
A) Members earn economic profits. B) Members experience large economies to scale relative to industry demand. C) Cartels will set common prices for their members. D) Members of a cartel will have production quotas.