To measure GDP by using the income approach, we must add all incomes and then ________ depreciation and ________ net taxes less subsidies
A) add; neither add nor subtract
B) add; add
C) add; subtract
D) subtract; add
E) neither add nor subtract; add
B
Economics
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In a perfectly competitive world:
A) two-way trade would not occur. B) one-way trade would not occur. C) neither one-way trade nor two-trade would occur. D) both one-way trade and two-way trade would occur.
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Under conditions of perfect competition, profits can get squeezed out because of a
a. rising ATC curve. b. higher AR curve. c. higher MR curve. d. lower ATC curve.
Economics