Author Question: When Jamie purchases a classic 1968 Plymouth Cuda convertible from Shane, GDP A) does not change, ... (Read 43 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
When Jamie purchases a classic 1968 Plymouth Cuda convertible from Shane, GDP
 
  A) does not change, because the car was not produced this year.
  B) increases, because the car is a durable good and increases consumption.
  C) increases, because the car is a durable good and increases investment.
  D) does not change, because Jamie did not buy the car from a dealershi

Question 2

Supply curves slope upward to the right because
 
  A) high enough prices make sunk costs irrelevant.
  B) higher prices attract resources from other uses.
  C) marginal cost is less than elasticity of demand.
  D) otherwise they would not intersect demand curves.



Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

A

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

More than one-third of adult Americans are obese. Diseases that kill the largest number of people annually, such as heart disease, cancer, diabetes, stroke, and hypertension, can be attributed to diet.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

During pregnancy, a woman is more likely to experience bleeding gums and nosebleeds caused by hormonal changes that increase blood flow to the mouth and nose.

For a complete list of videos, visit our video library