Intermediate goods and services are ________ production and ________ counted in GDP.
A. used up in the process of; are not
B. used up in the process of; are
C. the end products of; are
D. the end products of; are not
Answer: A
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Drug companies tend to attribute higher drug prices on
A. the low percentage of attempts that actually result in revenue producing drugs. B. long testing processes. C. the low percentage of attempts that actually result in revenue producing drugs and long testing processes. D. doctors distributing too many free samples.
If the price of milk shakes was $2.50 each, your total utility would be ______ and your marginal utility would be _______.
Demand and Utility Table for Milk Shakes
A. $13.00 and $4.00
B. $15.00 and $4.00
C. $13.00 and $2.50
D. $15.00 and $2.50
What four decisions must firms with market power make?
What will be an ideal response?
Suppose that most government spending was on capital goods that contribute to economic growth. How would that affect the Ricardian equivalence debate?
What will be an ideal response?