The sale of a used automobile would not be included in GDP of the current year because it is

When external benefits are present,

A) competitive markets are efficient. B) competitive markets are inefficient. C) a tax is required to eliminate the inefficiency. D) property rights have already been established.

If there were no racial discrimination in the labor market, blacks, Hispanics, and whites with equal education should command approximately equal incomes

Indicate whether the statement is true or false