The expenditure approach measures GDP by adding the spending of households, businesses, government, and foreigners
a. True
b. False
Indicate whether the statement is true or false
True
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Consolidation or cooperation frequently occurs in the public sector. Give some reasons why local governments consolidating or cooperating through special districts might be problematic
What will be an ideal response?
Which of the following is correct as it relates to cost curves?
A. Marginal cost intersects average fixed cost at the latter's minimum point. B. Average fixed cost intersects marginal cost at the latter's minimum point. C. Marginal cost intersects average total cost at the latter's minimum point. D. Average variable cost intersects marginal cost at the latter's minimum point.
Refer to the table shown that depicts a third-party payer market. What is the quantity demanded if a $1 co-pay is established?PriceQuantity DemandedQuantity Supplied$01,2000$1600150$2300300$30450$40600$50750$60900$701,050
A. 300 B. 0 C. 900 D. 600
A well-maintained house and yard is an example of
A. a negative externality. B. logrolling. C. a positive externality. D. a public good.