Author Question: As measured, GDP omits which of the following? i. Illegal sales of goods and services ii. Changes in ... (Read 58 times)

jc611

  • Hero Member
  • *****
  • Posts: 552
As measured, GDP omits which of the following? i. Illegal sales of goods and services ii. Changes in the amount of leisure time iii. Household production of goods and services
 
  A) i only
  B) i and ii
  C) ii and iii
  D) i and iii
  E) i, ii, and iii

Question 2

Mike went to a shop to buy a pair of gloves. Who will have a higher bargaining power if the seller knows that Mike needs the gloves urgently?
 
  What will be an ideal response?



irishcancer18

  • Sr. Member
  • ****
  • Posts: 310
Answer to Question 1

E

Answer to Question 2

The seller will have a higher bargaining power if he knows that Mike needs the gloves urgently. This is because he knows he can get away with charging a higher price because Mike does not have the time to check for other deals available in the market.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

Immunoglobulin injections may give short-term protection against, or reduce severity of certain diseases. They help people who have an inherited problem making their own antibodies, or those who are having certain types of cancer treatments.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

For a complete list of videos, visit our video library