Which of the following is a limitation of GDP?
(a) It doesn't include a measure of the black economy.
(b) It doesn't include a value for externalities.
(c) It doesn't include a value for voluntary work.
(d) All of the above are limitations of GDP.
Answer: (d) All of the above are limitations of GDP
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In games, strategies are:
A. the outcomes players want to achieve. B. the same for everyone to achieve the same goal. C. the plans of action that players follow to achieve their goals. D. All of these statements are true.
The quantity of capital demanded changes when one of the nonprice determinants of demand change
a. True b. False Indicate whether the statement is true or false
The costs of labor and land used to produce a product is
A) administrative costs. B) costs of goods sold. C) net profit plus the cost of capital. D) none of these choices.
The Trade Adjustment Assistance Act is focused mainly on assisting:
A. U.S. firms to establish export markets around the world B. Other nations to become familiar with, and adjust to, U.S. products C. Workers displaced by imports or plant relocations abroad D. Businesses who wish to globalize and compete in the world market