Author Question: The economic way of thinking claims there are substitutes for A) any good. B) most goods except ... (Read 66 times)

vinney12

  • Hero Member
  • *****
  • Posts: 586
The economic way of thinking claims there are substitutes for
 
  A) any good.
  B) most goods except non-renewable resources.
  C) most goods except clean air and clean water.
  D) most goods except wetlands and tropical rain forests.

Question 2

A ten-year-old goes to a baseball convention this week and purchases a newly-autographed Barry Bonds baseball for 100. How would this affect GDP?
 
  A) It wouldn't.
  B) GDP would increase by 10reflecting the market price of the ball itself.
  C) GDP would increase by 90reflecting the market price of Bonds' autograph.
  D) GDP would increase by 100reflecting the market price of the autographed ball.
  E) GDP would have increased were the autographed ball purchased by somebody 16 years or older.



nikmaaacs

  • Sr. Member
  • ****
  • Posts: 335
Answer to Question 1

A

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

For a complete list of videos, visit our video library