This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Nominal gross domestic product (GDP) is measured in terms of the _____. a. current-year prices b. ... (Read 72 times)

ec501234

  • Hero Member
  • *****
  • Posts: 573
on: Jun 30, 2018
Nominal gross domestic product (GDP) is measured in terms of the _____.
 a. current-year prices
 b. base-year prices
 c. export of goods and services
  d. amount of taxes collected
 e. hours of employment

Question 2

A monopsonist can pick the ____, while a monopolist can pick ____.
 a. the price it will charge; the wage it will pay
  b. the wage it will pay; the price it will charge
  c. the market price for its output; the quantity it will produce
  d. marginal product of labor; the marginal cost of labor
  e. number of competitors; the number of buyers


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

debra928

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

b


ec501234

  • Member
  • Posts: 573
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

carlsona147

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

In the United States, an estimated 50 million unnecessary antibiotics are prescribed for viral respiratory infections.

Did you know?

Astigmatism is the most common vision problem. It may accompany nearsightedness or farsightedness. It is usually caused by an irregularly shaped cornea, but sometimes it is the result of an irregularly shaped lens. Either type can be corrected by eyeglasses, contact lenses, or refractive surgery.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

Liver spots have nothing whatsoever to do with the liver. They are a type of freckles commonly seen in older adults who have been out in the sun without sufficient sunscreen.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it. In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period Observed Mother–Child Arguments at Five Time Points Over an Eight-Year Period
Commonly Misspelled Medical Terms Commonly Misspelled Medical Terms
The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ... The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ...
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library