U.s. gdp
a. includes production of foreigners working in the U.S. and production by U.S. residents working in foreign countries.
b. includes production of foreigners working in the U.S. but excludes production by U.S. residents working in foreign countries.
c. excludes production of foreigners working in the U.S. but includes production by U.S. residents working in foreign countries.
d. excludes production of foreigners working in the U.S. and production by U.S. residents working in foreign countries.
b
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Between 1836 and 1851 travel time between New York and Chicago was cut from
A. a month to two days. B. a month to a week. C. two weeks to one week. D. two weeks to two days.
The costs affecting decisions to supply are always
A) accounting costs. B) marginal costs. C) past costs. D) per unit costs. E) non-taxable costs.
Which of the following is NOT a tool used by the Fed to implement monetary policy?
A. Printing Federal Reserve notes and minting coins B. The discount rate C. The reserve requirement D. Open market operations
The value of life is calculated by comparing
A. average wages to the average retirement age. B. wages to the number of children in a worker's household. C. risk levels to the number of children in a worker's household. D. wages to risk levels. E. average life expectancy by occupation to average risk levels by industry.