One difficulty of computing the value of GDP is that there are no market prices for

a. exports and imports.
b. business investments.
c. government goods and services.
d. resource values.

c

Economics

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For a firm to be engaged in predatory pricing, and for it to be successful: a. It would have to charge a price less than the average variable cost of production. b. It would have to drive rivals out of the market

c. It would have to raise its prices after rivals were driven out of the market. d. All of the above would have to be true.

Economics

Martha did not like her job as a receptionist, so she quit and is looking for one that better suits her artistic talents. Ting Pei would like to work, but employers are not willing to hire him because he does not speak English. Martha is ________ unemployed and Ting Pei is ________ unemployed.

A. frictionally; structurally B. structurally; cyclically C. structurally; frictionally D. cyclically; structurally

Economics