The goods and services that count toward GDP are:
A. defined in terms of the location of production, not the citizenship of the producer.
B. anything produced by a nation’s citizens, regardless of who owns it.
C. citizens producing things no matter where they produce it.
D. things like stocks and bonds issued by a corporation.
A. defined in terms of the location of production, not the citizenship of the producer.
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An externality
A) may be positive or negative. B) means a rapidly rising cost borne by consumers. C) is the cost of producing a good outside the United States. D) is the indirect cost, the overhead, of producing a product.
In 1910, 8.6 percent of American 17-year olds were high school graduates. By 1938, this figure _____
a. had fallen to 5 percent. b. equaled 15 percent. c. had risen to nearly 50 percent. d. had not changed appreciably.
The following is NOT an example of a potential monitoring solution to moral hazard
a. a pre-hire typing test for clerical employees b. closed circuit TVs throughout a warehouse c. GPS tracking devices in repair trucks d. listening in on call center conversations
If inventories decline by more than analysts predict they will decline, this implies that
What will be an ideal response?