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Author Question: Scarcity: a. exists in command economies. b. exists in market economies. c. exists only for the ... (Read 118 times)

LCritchfi

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on: Jun 30, 2018
Scarcity:
 a. exists in command economies.
 b. exists in market economies.
 c. exists only for the poor in any type of economy.
  d. (a) and (b) above are correct

Question 2

The net national product (NNP) can be obtained from the GDP by:
 a. subtracting depreciation.
 b. subtracting net income of foreigners and depreciation.
  c. including the net income of foreigners.
 d. subtracting depreciation and indirect business taxes.


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milbourne11

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

b


LCritchfi

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  • Posts: 519
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Jossy

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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