Author Question: Generally speaking, resources are used more wastefully and carelessly when A) users obtain the ... (Read 35 times)

sammy · **on:** Jun 29, 2018

Generally speaking, resources are used more wastefully and carelessly when

A) users obtain the resources through the market process.
B) users do not have to pay the opportunity cost for using resources.
C) users use resources to only advance the projects they are interested in.
D) users privately own resources.

Question 2

Clarity Dence pays 375 for a used acoustic guitar from the local music instrument dealer. The dealer himself purchased it for 150. In principle, how would this exchange affect GDP?

A) Nothing happens to GDP, because the guitar is a used good.
B) GDP increases by 150.
C) GDP increases by 225.
D) GDP increases by 375.
E) GDP increases by 525.