In the U.S. GDP, imports
Which of the following is notan example of land as a factor…
Which of the following is notan example of land as a factor of production?
Inflation ________________ the purchasing power of money.
Inflation ________________ the purchasing power of money.
The dollar value of output for an economy must always equal…
The dollar value of output for an economy must always equal the dollar value of income.
People benefit by participating in the market because
People benefit by participating in the market because
According to the law of increasing opportunity costs,
According to the law of increasing opportunity costs,
Suppose I told you, “The quantity demanded of chocolate goes…
Suppose I told you, “The quantity demanded of chocolate goes up when the price of chocolate goes down.” Which of the following is an assumption I am making?
Full employment means everyone in the labor force has a job.
Full employment means everyone in the labor force has a job.
Economic growth
Economic growth
Per capita GDP will rise if GDP
Per capita GDP will rise if GDP