Author Question: When a 13-year-old girl consents to babysit John's children for 5 per hour, economists assume A) ... (Read 38 times)

sabina

  • Hero Member
  • *****
  • Posts: 563
When a 13-year-old girl consents to babysit John's children for 5 per hour, economists assume
 
  A) the girl was made worse off while John was made better off.
  B) the girl was made better off while John was made worse off.
  C) both parties were made worse off.
  D) both parties were made better off.

Question 2

Which of the following is true?
 
  A) Real GDP fluctuates around potential GDP.
  B) Potential GDP fluctuates around real GDP.
  C) Nominal GDP fluctuates around real GDP.
  D) Real GDP fluctuates around nominal GDP.
  E) When real GDP equals potential GDP, both equal nominal GDP.



elizabethrperez

  • Sr. Member
  • ****
  • Posts: 344
Answer to Question 1

D

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The first successful kidney transplant was performed in 1954 and occurred in Boston. A kidney from an identical twin was transplanted into his dying brother's body and was not rejected because it did not appear foreign to his body.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

For a complete list of videos, visit our video library