A farmer sells $25,000 worth of apples to individuals who take them home to eat, $50,000 worth of apples to a company that uses them all to produce cider, and $75,000 worth of apples to a grocery store that will sell them to households. How much of the farmer's sales will be included as apples in GDP?

Scatterbrain Samantha often forgets to lock her house. This has caused the probability of a burglary to be 30%. If her house gets broken into, she faces a property loss of $10,000, otherwise she gets to keep her $100,000 . If Samantha is offered full coverage for her house at $1,500, what is her expected wealth with the insurance policy?

a. $80,000 b. $87,000 c. $97,000 d. $98,500

All of the following are reasons that trade between nations is beneficial EXCEPT

A) gains from specialization. B) exchange of ideas. C) protection of domestic industries. D) gains from trade.