All of the following are mentioned in a unitization contract between two oil well owners, EXCEPT:
a. how many wells each party owns.
b. where the wells can be located.
c. when the wells can be operated.
d. total investment made by each party in the oil well.
D
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The best definition for economic growth is
A) a sustained expansion of production possibilities measured as the increase in real GDP over a given period. B) a sustained expansion of production possibilities measured as the increase in nominal GDP over a given period. C) a sustained expansion of consumption goods over a given period. D) a sustained expansion of production goods over a given period.
All of the following household expenditures are included in consumption expenditure EXCEPT
A) payment to a dentist for filling a tooth. B) purchase of corporate stock. C) purchase of a new purse. D) purchase of hair styling.