The market value of final goods and services produced within a country during a period of time is called:

A. government documented production.
B. guaranteed direct prices.
C. gross domestic product.
D. general domestic productivity.


Answer: C

Economics

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A proprietorship is a business

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Investment in both physical and human capital tends to enhance economic growth because it generally

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Economics

Suppose that flu shots create a positive externality equal to $8 per shot. Further suppose that the government offers a $11-per-shot subsidy to producers. What is the relationship between the equilibrium quantity and the socially optimal quantity of flu shots produced?

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Economics