The costs of economic growth include all of the following except consumption sacrificed for:
A. acquiring new human capital
B. research and development into new technologies
C. physical capital formation
D. additional hours of leisure
Answer: A
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________ is the market value of the final goods and services produced within the borders of a country during a particular period of time
A) Net Product Value B) Gross National Product C) Total Product D) Gross Domestic Product
Risk is _________ a part of cost-benefit analysis.
A. never B. always C. unable to be calculated D. decided by others whether to be
Which of the following reasons do economists use to explain why people are overweight?
a. People undervalue the utility to be received in the future. b. People overvalue the utility from current choices. c. People's preferences are not consistent over time. d. All of the above explain why people are overweight.
A corporation is owned by its
A) board of directors. B) stockholders. C) employees. D) CEO.