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 85 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
YES! Correct, THANKS for helping me on my review

nguyenhoanhat

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe Bayliss and Starling discovered the mechanism by which the small intestine and pancreas work togethe
The Periodic Table (Part 1) The Periodic Table (Part 1)
DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ... DOT placarding requirements: Table 1 materials must be placarded in any quantity, and Table 2 ...
(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
economy manegment economy manegment
The Scale of the Very Small and Very Large: Powers of 10 The Scale of the Very Small and Very Large: Powers of 10
Video: Bone Healing Animation

For a complete list of videos, visit our video library