Author Question: In the economic way of thinking, bald eagles are a scarce good. Thus, A) the bald eagle ... (Read 157 times)

appyboo · **on:** Jun 29, 2018

In the economic way of thinking, bald eagles are a scarce good. Thus,

A) the bald eagle population can be maintained at no cost.
B) the bald eagle population should be maintained at any cost.
C) there are substitutes for bald eagles.
D) there are no substitutes for bald eagles.
E) economists don't like bald eagles.

Question 2

Suppose a terrorist group bombs a federal building, causing 1 million in expenditures on new construction and healthcare for the victims. The new expenditures

A) would be subtracted from the gross domestic product account.
B) would be added to the gross domestic product account.
C) would be added to the gross domestic product account and subtracted from the national income account.
D) would impact GDP in none of the above ways.