The net national product (NNP) can be obtained from the GDP by:
a. subtracting depreciation
b. subtracting net income of foreigners and depreciation.
c. including the net income of foreigners.
d. subtracting depreciation and indirect business taxes.
b
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The loss to society resulting from a tax includes the
A) deadweight loss. B) consumer surplus paid to the government in the form of tax revenue. C) producer surplus paid to the government in the form of tax revenue. D) deadweight loss plus the consumer surplus and producer surplus paid to the government as tax revenue. E) deadweight loss minus the tax revenue collected by the government.
If a marginal cost pricing rule is imposed on the firm in the figure above, the price will be
A) $5 per unit. B) $25 per unit. C) $40 per unit. D) $20 per unit.
What is meant by diversifying an investment portfolio? What are the advantages of diversification?
What will be an ideal response?
Asymmetric information can exist before, but not after, a transaction.
Answer the following statement true (T) or false (F)