Which of the following will be included in the calculation of GDP using the expenditure method?
A) A bank's payment of interest to its customers B) A worker's wage
C) A firm's payment of employee bonuses D) A domestic producer's export of clothes
D
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Explain the concept of "learning by doing" with respect to infant industry protection
What will be an ideal response?
When firms select the solution that is better for all parties, the ________ is satisfied
A) Nash equilibrium condition B) Pareto Criterion C) coordination game requirement D) pure strategy requirement
The use of thorough job orientation helps to increase productivity through
A. mass production. B. participative decision making. C. training and education. D. quality of work life.
The age-earning cycle predicts that a typical person will
A) be earning $50,000 in the year 2010. B) be earning the lowest income right before retirement. C) be earning the highest income right before retirement. D) be earning the highest income at about the age 45-50.