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Author Question: During last year, a country produced 20,000 pizzas and 10,000 hamburgers and nothing else. The ... (Read 22 times)

berenicecastro

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on: Jun 29, 2018
During last year, a country produced 20,000 pizzas and 10,000 hamburgers and nothing else. The pizzas sold for 10.00 each and the hamburgers for 3.00 each. Nominal GDP was
 
  A) 230,000.
  B) 70,000.
  C) 460,000.
  D) 390,000.
  E) 360,000.

Question 2

What is rent seeking with respect to restricting international trade?
 
  A) The rent on factory buildings increases if trade is restricted.
  B) The government avoids paying rent on buildings when importers pay the tariff.
  C) An attempt to capture the gains from trade by imposing a tariff
  D) The government's efforts to capture tariff rents
  E) The attempt by importers to avoid paying a tariff
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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TheNamesImani

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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berenicecastro

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Reply 2 on: Jun 29, 2018
:D TYSM

olderstudent

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

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