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Author Question: Nominal gross domestic product (GDP) is measured in terms of the _____. a. current-year prices b. ... (Read 78 times)

ec501234

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on: Jun 30, 2018
Nominal gross domestic product (GDP) is measured in terms of the _____.
 a. current-year prices
 b. base-year prices
 c. export of goods and services
  d. amount of taxes collected
 e. hours of employment

Question 2

A monopsonist can pick the ____, while a monopolist can pick ____.
 a. the price it will charge; the wage it will pay
  b. the wage it will pay; the price it will charge
  c. the market price for its output; the quantity it will produce
  d. marginal product of labor; the marginal cost of labor
  e. number of competitors; the number of buyers


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debra928

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

a

Answer to Question 2

b


ec501234

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  • Posts: 573
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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