Which of the following economic activities is ignored in GDP accounts?
A) The market value of medical services
B) The market value of educational services
C) The market value of illegal drugs
D) The market value of prescription drugs
E) The market value of the services associated with used-car dealers
C
You might also like to view...
In an oligopolistic market,:
A. the larger the number of firms and the more elastic the demand, the greater the markup. B. the larger the number of firms and the less elastic the demand, the greater the markup. C. the smaller the number of firms and the less elastic the demand, the greater the markup. D. the smaller the number of firms and the more elastic the demand, the greater the markup.
The stockholder-lender conflict generally becomes greater
A) the smaller the firm. B) the larger the firm. C) the more the firm borrows from banks. D) the less the firm borrows from banks.
The United States Postal Service is an example of a monopoly created by
a. government franchise. b. copyright. c. control of scarce inputs. d. rent-seeking behavior.
For a profit-maximizing monopolist,
A. P is unrelated to MR. B. P > MR. C. P = MR. D. P < MR.