Increases in inventories are subtracted from GDP because they reflect output that is produced but not sold
a. True
b. False
B
You might also like to view...
What is true of equilibrium in the game in Scenario 13.14?
A) In equilibrium, both firms choose Q = 50. B) In equilibrium, both firms choose Q = 100. C) There are two equilibria, at Q = 50 and at Q = 100. D) The only equilibrium is in mixed strategies. E) The two equilibria are those associated with the (40,30 ) outcome and the (30,40 ) outcome.
In determining whether and how much of a public good to provide, cost-benefits analysts use the same type of price signals for public goods as are readily available for private goods
a. True b. False Indicate whether the statement is true or false
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.
The equilibrium point is at the intersection of the two curves because ______.
a. market demand equals market supply
b. market demand exceeds market supply
c. market demand is less than market supply
d. market demand is unrelated to market supply