The English rule of costs
a. applies only in England.
b. is the standard practice worldwide, except in the United States.
c. is a practice where the loser of a lawsuit pays all attorneys' fees and court costs.
d. results in more lawsuits filed.
a. both b and c are true.
A
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The idea of rational ignorance implies that people are fully informed about their market purchases but uninformed about political issues
a. True b. False Indicate whether the statement is true or false
Which of the following transactions is excluded from GDP?
A. You buy a government bond for $100. B. Intel buys a new jet to ferry its workers from its Folsom, CA headquarters to Santa Clara. C. The local government spends $500,000 for a new park. D. The Brazilian air force buys jets from the U.S. air force.
The price elasticity of demand is calculated by dividing the percentage change in quantity demanded by the percentage change in price.
Answer the following statement true (T) or false (F)
Assume that M is $250 billion and V is 8. If V increases by 15%, what will be the change in nominal GDP?
What will be an ideal response?