If a local shop buys a used motorcycle for $1,000, makes repairs and refurbishes it, then resells it for $2,500, the
a. shop contributes value added equal to $1,500, but nothing is added to GDP.
b. shop contributes value added equal to $1,500, and consequently $1,500 is added to GDP.
c. shop contributes nothing to production because only existing goods are involved.
d. shop contributes value added equal to $2,500, but only $1,500 is added to GDP.
B
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In a monopoly
a. the industry has high barriers to entry b. the industry has high barriers to exit c. the industry has high barriers to entry and exit d. the industry has no barriers to entry or exit
Which of the following is not an example of human capital investment?
A. A bachelor's degree B. Software with spell-check included C. A leadership training course D. All of these are examples of human capital investment.