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

Author Question: Which of the following will be included in the current year's gross domestic product (GDP)? a. The ... (Read 28 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
Which of the following will be included in the current year's gross domestic product (GDP)?
 a. The sale price of equipment produced last year but sold this year
 b. The money spent by Kate on the purchase of new furniture
 c. The money spent by Barney on the purchase of his uncle's house
 d. The sale price of the stock purchased by John
 e. The opportunity cost of the time spent by Bruno cooking lunch for his neighbor

Question 2

According to the economic theory of labor markets, if unions are successful in raising wages, with no accompanying increase in labor productivity, then which of the following is true?
 a. The quantity of labor demanded by profit-maximizing firms will decline.
  b. The quantity of labor demanded by profit-maximizing firms will increase.
  c. The quantity of labor supplied by workers will decline.
  d. There will be a shortage of labor in the unionized labor market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


imowrer

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
Wow, this really help

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

Everyone has one nostril that is larger than the other.

The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce The Black Death spread over much of Europe in a three-year period in the middle of the fourteenth ce
Co-current flow in a concentric tube heat exchanger Co-current flow in a concentric tube heat exchanger
Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ... Distribution of Thunderstorms: Approximately 14.5 million thunderstorms occur each year across the ...
Product & Process Influences - Sterile Products Product & Process Influences - Sterile Products
Drawing of Central PompeII In Its Current State Drawing of Central PompeII In Its Current State
North Atlantic Current North Atlantic Current
Video: Michaelis–Menten equation & Kinetic parameters

For a complete list of videos, visit our video library