The chain-reaction game
A. was cancelled on network TV.
B. counts secondary benefits without counting secondary costs.
C. compounds a bad decision by making more bad decisions, causing unwanted projects to
get funded.
D. is double-counting of benefits.
B. counts secondary benefits without counting secondary costs.
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Explain the impact of capital deepening on workers
What will be an ideal response?
A member in a cartel can earn more profits by
A) charging a slightly lower price and raising production. B) producing less than the agreed rate. C) selling less than the agreed amount. D) none of the above.
Gross domestic product is the
a. amount of final goods and services produced in an economy in a given year b. value of all goods and services, measured in current market prices, produced in the economy in a year c. value of final goods and services, measured in current market prices, produced in the economy in a year d. amount of all goods and services produced in an economy in a given year e. value of final goods and services produced in current market prices produced in an economy
In a closed economy, private saving is equal to which of the following? (Y = GDP, C = Consumption, G = Government purchases, T = Taxes, and TR = Transfers)
A) Y - C - T B) Y - G - T C) Y - G - T + TR D) Y + TR - C - T