Which of the following is directly accounted for in the calculation of GDP?
A) the value of one hour of leisure as measured by the hourly wage one would otherwise earn by working
B) the value of repairing your own kitchen sink as measured by the average rates charged by local plumbers
C) cash earnings from an illegal poker game
D) improvements in quality of life from the reduction of pollution
E) None of the above items is accounted for in GDP.
Question 2
Which of the following happens when new firms enter a monopolistically competitive market structure?
A) The existing firms face higher demand.
B) The existing firms face relatively inelastic demand curves.
C) The existing firms earn higher profits.
D) The existing firms earn lower profits.
Pupil Assessment, Move Penlight directly in Front of Pupil
First-pass effect: (a) drugs are absorbed; (b) drugs enter hepatic portal circulation and go directl
The excitatory and inhibitory signals that directly influence the activity of a motor neuron.
Good body mechanics when facing the table directly. A. Head and back in alignment. B. Legs and feet ...
Calculation of the probabilities in a mating involving the ABO blood type
Binomial-probability calculation of seed-color phenotype in six-seeded pods