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

Author Question: Which of the following will be included in the current year's gross domestic product (GDP)? a. The ... (Read 21 times)

imowrer

  • Hero Member
  • *****
  • Posts: 514
on: Jun 30, 2018
Which of the following will be included in the current year's gross domestic product (GDP)?
 a. The sale price of equipment produced last year but sold this year
 b. The money spent by Kate on the purchase of new furniture
 c. The money spent by Barney on the purchase of his uncle's house
 d. The sale price of the stock purchased by John
 e. The opportunity cost of the time spent by Bruno cooking lunch for his neighbor

Question 2

According to the economic theory of labor markets, if unions are successful in raising wages, with no accompanying increase in labor productivity, then which of the following is true?
 a. The quantity of labor demanded by profit-maximizing firms will decline.
  b. The quantity of labor demanded by profit-maximizing firms will increase.
  c. The quantity of labor supplied by workers will decline.
  d. There will be a shortage of labor in the unionized labor market.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joy Chen

  • Sr. Member
  • ****
  • Posts: 354
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

a


imowrer

  • Member
  • Posts: 514
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

vickybb89

  • Member
  • Posts: 347
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Congestive heart failure is a serious disorder that carries a reduced life expectancy. Heart failure is usually a chronic illness, and it may worsen with infection or other physical stressors.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

Approximately one in three babies in the United States is now delivered by cesarean section. The number of cesarean sections in the United States has risen 46% since 1996.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant Milestones of Gross Motor Development in Infancy Age ranges provided are for 90% of American infant
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
A 5,000-year-old Egyptian garment A 5,000-year-old Egyptian garment
The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate The direct product of phosphate hydrolysis from PEP is the enol form of pyruvate
Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet Elizabeth, a married 35-year-old woman, always thought that she followed a sensible diet
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
Video: Virtual Tour of the Eye Animation

For a complete list of videos, visit our video library