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 61 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
Gracias!

EAN94

  • Member
  • Posts: 307
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ... This 19-year-old in Wisconsin was given a reduced jail sentence for holding this sign in front of ...
Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ... Ginkgo Biloba label. The label indicates the product is standardized to percentages of the two ...
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
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
Video: The Vestibular System

For a complete list of videos, visit our video library