If Sean sells Susan a DVD player for $30,

What will be an ideal response?


both Sean and Susan will gain from this transaction.

Economics

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Economics is a part of the

A) social sciences. B) natural sciences. C) biological sciences. D) organizational sciences.

Economics

If the GDP measures the current market value of goods and services produced in a given period, how can the final sales of goods and services for that period be a different value?

What will be an ideal response?

Economics

Usually an abundance of natural resources ________ average labor productivity.

A. doubles B. increases C. has no effect on D. decreases

Economics

Which of the following does not cause “hidden” or “disguised” unemployment?

A. Involuntary part time work B. Discouraged workers C. Shortened work hours D. Loss of overtime

Economics