Some of the inaccuracies in measuring GDP are attributable to
a. monopolization
b. ignoring production by U.S.-owned plants abroad
c. the underground economy and quality changes
d. tax evasion and inflation
e. short-term changes in spending
C
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The sale of live cattle to a slaughterhouse constitutes a final transaction that is counted as part of the gross domestic product
a. True b. False Indicate whether the statement is true or false
Which of the following statements is false?
A) In some instances, simple majority voting leads to a project being undertaken even though the total costs of the project exceed the total benefits. B) Simple majority voting fails to take into account the intensity of individuals' preferences. C) Public choice economists often explain low voter turnouts in terms of the individual costs and benefits of voting. D) If an individual will only vote if he or she feels that his or her vote will make a difference in the election, it is likely that he or she will vote.
Which of the following statements is true?
A. Leverage increases expected return and increases risk. B. Leverage increases expected return and reduces risk. C. Leverage decreases expected return and increases risk. D. Leverage decreases expected return but has no effect on risk.
In the absence of discrimination, as human capital investments increase, wages will generally
A. increase or decrease. B. increase. C. decrease. D. not change.