GDP in 2015 would not include the resale of a house built in 2000
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Shirking is most likely to occur when
A) the principal monitors the agents extensively. B) employees are paid an hourly wage. C) a piece rate contract is used. D) an assembly line is used for production.
Economics
The study of economics is basically about what two things?
Economics
In the long run, firms in a monopolistically competitive market operate at:
A. a more-than-efficient scale. B. an efficient scale. C. a less-than-efficient scale. D. Any of these could be true, depending on the individual firm.
Economics
If the MPC in an economy is .9, a $1 billion increase in government spending will ultimately increase consumption by:
A. $1 billion. B. $0.9 billion. C. $10 billion. D. $9 billion.
Economics