The government's chief forecasting gauge for business cycles is the:
a. unemployment rate.
b. real GDP.
c. personal income index.
d. index of leading indicators.
d
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Norah works as a content writer for an online magazine. Because her work is not evaluated daily, she often spends her time playing online games, which adversely affects the quality of her work
a) What is the term used to refer to such behavior? b) What is the solution to this problem? Explain your answer.
The problem with the prisoner's dilemma, from the point of view of the police, is that no one is ever convicted
Indicate whether the statement is true or false
Because of transactions which take place in the underground economy, the
a. GDP calculation tends to overstate the actual value of goods sold in the economy. b. GDP calculation tends to accurately portray the value of goods sold in the economy. c. GDP calculation tends to understate the actual value of goods sold in the economy. d. value of the GDP calculation will be equal to the value of the national income calculation. e. value of the GDP calculation through the expenditure approach will be greater then the value calculated through the income approach.
The motive that drives firms to enter or exit an industry is
A. accounting costs. B. economic profit. C. opportunity costs. D. diseconomies of scale.