The GDP includes
A. the value of all intermediate goods and services.
B. the value of all final goods and services.
C. the value of both intermediate and final goods and services.
D. the value of all transactions.
Answer: B
Economics
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Barometric price leadership can occur when oligopolistic firms
A) compete on the basis of differentiated products. B) want to avoid price competition and violating antitrust laws. C) try to enforce cartel agreements. D) All of the above
Economics
An increase in the price of product A will:
A. increase the marginal utility per dollar spent on A. B. decrease the marginal utility per dollar spent on A. C. not affect the marginal utility per dollar spent on A. D. cause utility-maximizing consumers to buy more of A.
Economics