Which of the following is not included in 2016's GDP?
A. the value of a motorcycle produced in the United States and exported to Japan
B. the commission earned by a headhunter when she locates a job for a client
C. the profit earned in 2016 from selling a stock that you purchased in 2008
D. the value of a motor that is used in the production of a lawn mower
Answer: D
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In 1886, what did the U.S. Supreme Court rule in Wabash, St. Louis, and Pacific Railway v Illinois?
(a) Only the federal government could regulate commerce across states. (b) Only the states had the right to regulate commerce across states. (c) Neither the federal or state governments had the right to regulate across states. (d) Railroads were not subject to any government regulation, state or federal.
Indifference curves have a bowed-out shape because of diminishing marginal utilities
a. True b. False Indicate whether the statement is true or false