Which of the following examples of production of goods and services would be included in U.S. GDP?
a. Sally, a Canadian citizen, works on a drilling crew in North Dakota for Northland Gas Services, and Northland sells the natural gas to a utility company in Canada.
b. Jim grows pecans for his family in the yard of their San Antonio home.
c. Joe grows marijuana in his Kansas City home and sells it to his friends and neighbors.
d. None of the above examples of production would be included in U.S. GDP.
a
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The demand curve facing a single-price monopolist
a. is the same as its average revenue curve b. is the same as its marginal revenue curve c. is the same as the perfect competitor's demand curve d. lies above its average revenue curve e. lies below its marginal revenue curve
A policy which gains the winners more than the losers lose, in principle, could never result in unanimous approval of the policy.
Answer the following statement true (T) or false (F)