This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: ________ is the market value of final goods and services produced in a country in a given period of ... (Read 126 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
on: Jun 29, 2018
________ is the market value of final goods and services produced in a country in a given period of time?
 
  A) Gross national product
  B) Gross domestic product
  C) Net national product
  D) Net domestic product

Question 2

Which of the following statements is true?
 
  A) Command economies do a better job at maximizing social welfare in comparison to market economies.
  B) The incentive problem and the coordination problem lead to lower efficiency in market economies.
  C) Central planners in command economies have to make decisions that prices would have automatically made in market economies.
  D) Bringing economic agents together to trade is easier in command economies in comparison to market economies.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


anshika

  • Member
  • Posts: 510
Reply 2 on: Jun 29, 2018
Excellent

Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

In Eastern Europe and Russia, interferon is administered intranasally in varied doses for the common cold and influenza. It is claimed that this treatment can lower the risk of infection by as much as 60–70%.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

The site of Dmanisi has produced some of the earliest H. erectus outside of Africa. The site of Dmanisi has produced some of the earliest H. erectus outside of Africa.
At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da At breakfast, a middle-class husband sits absorbed in the newspaper and the public affairs of the da
Embryonic Period Embryonic Period
Embryonic Period - Heart Development Embryonic Period - Heart Development
Embryonic Period - 12th week Embryonic Period - 12th week
Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ... Nitin earns $48,000 per year. Determine his gross earnings for each pay period if he is paid ...
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library