This topic contains a solution. Click here to go to the answer

Author Question: ________ is the market value of final goods and services produced in a country in a given period of ... (Read 132 times)

anshika

  • Hero Member
  • *****
  • Posts: 510
________ is the market value of final goods and services produced in a country in a given period of time?
 
  A) Gross national product
  B) Gross domestic product
  C) Net national product
  D) Net domestic product

Question 2

Which of the following statements is true?
 
  A) Command economies do a better job at maximizing social welfare in comparison to market economies.
  B) The incentive problem and the coordination problem lead to lower efficiency in market economies.
  C) Central planners in command economies have to make decisions that prices would have automatically made in market economies.
  D) Bringing economic agents together to trade is easier in command economies in comparison to market economies.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

tandmlomax84

  • Sr. Member
  • ****
  • Posts: 323
Answer to Question 1

B

Answer to Question 2

C




anshika

  • Member
  • Posts: 510
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review


emsimon14

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

For a complete list of videos, visit our video library