Intermediate goods are not counted as part of gross domestic product.
Answer the following statement true (T) or false (F)
True
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The $/€ bid rate is the:
a. Inverse of $/€ ask rate b. Inverse of €/$ ask rate c. Equal to the €/$ ask rate d. Equal to the €/$ bid rate e. Equal to the $/€ ask rate
Which of the following is not a way for the government to solve the problem of excessive use of common resources?
a. regulation b. taxes c. turning the common resource into a public good d. turning the common resource into a private good
Education and training of workers would best be categorized as
A) land.
B) labor.
C) physical capital.
D) human capital.
Arlo has just completed a study that shows a large number of workers are not doing the jobs that best use their talents. Which point on the production possibilities curve represents this fact?
a. A
b. B
c. C
d. D