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

Author Question: Refer to Table 19-6. Consider the table of production and price statistics for a small economy in ... (Read 86 times)

krzymel

  • Hero Member
  • *****
  • Posts: 548
on: Jun 29, 2018
Refer to Table 19-6. Consider the table of production and price statistics for a small economy in 2013. If the economy only produces the four goods listed below, what is GDP for 2013?
 
  A) 428,000 B) 267,000 C) 24,000 D) 1,424

Question 2

Refer to Figure 17-3. In Panel A, at high wages (segment iii)
 
  A) the price of leisure is rising relative to the price of labor.
  B) laborers work more as wages increase.
  C) the price of leisure is falling relative to the price of labor.
  D) labor suppliers take more leisure as wages increase.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

johnpizzaz

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

D


krzymel

  • Member
  • Posts: 548
Reply 2 on: Jun 29, 2018
Excellent

AISCAMPING

  • Member
  • Posts: 347
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa. The African Pygmy Goose (Nettapus auritus) is a very small perching duck from sub-Saharan Africa.
Role of Factors of Production in Determining Growth, 1975–2009 Role of Factors of Production in Determining Growth, 1975–2009
Stem Cell Production Stem Cell Production
Complete the following production chart and plot the points. Complete the following production chart and plot the points.
According to Table 17.1, which will reduce water but not Mg2+? According to Table 17.1, which will reduce water but not Mg2+?
(a) Graph for converting values to p values. (b) Table of values for selected values of df (a) Graph for converting values to p values. (b) Table of values for selected values of df
Video: Optic Nerve and Optic Disk Animation (Part 2 of 2)

For a complete list of videos, visit our video library