An in-kind transfer is a
A. transfer made by people to be kind to others.
B. transfer of wealth.
C. transfer of goods and services instead of cash.
D. system of clearing checks by local banks.
C. transfer of goods and services instead of cash.
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P x Q is:
a. A stock value. b. A flow value. c. Totally unrelated to stocks and flows. d. Equal to real GDP
The highest Herfindahl-Hirschman Index
A. is in Industry X.
B. is in Industry Y.
C. is in Industry Z.
D. cannot be determined.
Equilibrium GDP
A. is below $4 trillion.
B. is above $4 trillion.
C. is exactly $4 trillion.
D. cannot be determined.
The idea of comparative advantage is related to
A) the idea of opportunity cost. B) the idea of absolute advantage. C) using the worker with the most diverse sets of skills. D) engineering efficiency.