Which one of these is counted in GDP?
A. The purchase of a used car
B. The purchase of 100 shares of IBM
C. Government spending on a NASA project to go to Venus
D. The purchase of a 10-year-old office building
C. Government spending on a NASA project to go to Venus
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Vertical relationships can increase profits through
a. preventing firms from evading regulation b. creating a double-markup problem c. making the incentives of manufacturers and retailers unaligned d. facilitating price discrimination
____ experience lower rates of unemployment than do ____
a. Teenagers; adults b. Adult males; adult females c. Skilled workers; unskilled workers d. Black females; white females
How does an import quota differ from an equivalent tariff?
Suppose that a product benefits from a successful advertising campaign. The result is that:
A. the demand for the product increases. B. the demand for the product decreases. C. the supply of the product increases. D. the supply of the product decreases.