Author Question: ________ in economics is a measure of satisfaction or happiness that comes from consuming a good or ... (Read 169 times)

mia

  • Hero Member
  • *****
  • Posts: 564
________ in economics is a measure of satisfaction or happiness that comes from consuming a good or service.
 
  A) Budget
  B) Utility
  C) Income effect
  D) Substitution effect

Question 2

When calculating GDP, purchases of used goods are
 
  A) included at the original price.
  B) included by taking the original price and subtracting the (current) used price.
  C) included at the (current) used price.
  D) not included.
  E) included at the original price minus any depreciation.



Chou

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

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

The Centers for Disease Control and Prevention (CDC) was originally known as the Communicable Disease Center, which was formed to fight malaria. It was originally headquartered in Atlanta, Georgia, since the Southern states faced the worst threat from malaria.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

For a complete list of videos, visit our video library