Which of the following are not included in the consumption component of gross domestic product?
a. Purchases of stocks and bonds.
b. Consumer durable goods
c. Nondurable consumption goods
d. Consumer services
A
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Which of the following is most likely to be an untraded good in a Ricardian two-country, multi-good model?
A) steel B) textiles C) haircuts D) petroleum E) telemarketer services
Real-wage unemployment is:
A. a mismatch between the skills workers can offer and the skills that are in demand. B. unemployment caused by workers who are changing their location, job, or career. C. the effect of wages remaining persistently above the market-clearing level. D. also called cyclical unemployment.
How are positive analysis and normative analysis similar?
a. Both use testable statements. b. Both deal with future concerns. c. Both use ethical values. d. Both deal with past events.
This graph shows the cost and revenue curves faced by a monopoly. 
According to the graph shown, if Q1 units are being produced, this monopolist should:
A. charge P3 to maximize profits. B. charge P1 to maximize profits. C. charge P0 to maximize profits. D. increase production.