GDP
In calculating the GDP national income accountants
Upon the average, all intermediaries do NOT: (w) decrease the opportunity costs of goods to consumers. (x) raise the incomes of producers. (y) reduce transaction costs. (z) increase the cost of living. Hey friends
The market demand curves for most of the goods are as: (i) Cross-multiplied products of the individual demand curves. (ii) Insignificant for most of the analytical aims. (iii) The horizontal summation of the individual demand curves. (iv) Irrelevant for business decis
The popular sporting goods magazine publishes a report on quality and safety of different brands of ski equipment. This report would be most probable to determine a problem consumer’s face since of: (i) Adverse selection. (ii) Brand-name bias. (iii) High priced
Indirect taxes: Whenever the liability to pay tax is on one person and the burden of that tax falls on another person, it is termed as indirect tax. Illustrations are: sales tax, excise duty, VAT, tax on services and so on.
A purely competitive economy along with no externalities or public goods tends to be efficient since: (1) firms try to act socially responsible. (2) government planners specify the best allocation. (3) all prices approximate marginal social benefits a
The yield to maturity on a consol bond or perpetuity which pays $200 annually and sells for $1000 is: (w) 5 percent. (x) 10 percent. (y) 20 percent. (z) 25 percent. I need a good answer on the topic of Econ
Can someone please help me in finding out the accurate answer from the following question. The firm probable to encompass significant monopsony power in its labor market would be: (1) Big cotton farm in the Texas hiring migrant workers. (2) Textile manufacturer in Hon
At the point on the demand curve for RoboMaids where the price elasticity of demand is unitary, the price would be roughly: (i) $10,000, resulting in sales of roughly 16,000 robots monthly. (ii) $13,000, resulting in sales of approxim
Can someone help me in finding out the right answer from the given options. Net sales revenue of the Rusty Key Corporation for the year 2005 is $190,000. The net explicit costs incurred were $70,000, and net implicit costs were $65,000. The accounting profit is ____ a
Pure competition and monopolistic competition are: (1) polar opposites on the continuum of market structures. (2) the two market structures in that firms are pure quantity adjusters. (3) both characterized by an absence of barriers to long run entry a
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