GDP is different than GNP in that
A) it accounts for net unilateral transfers.
B) it does not account for indirect business taxes.
C) it does not account for a country's production using services with foreign-owned capital.
D) it accounts for depreciation.
E) it is unhelpful when tracking national income.
C
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Moral hazard is due to
A) hidden characteristics. B) hidden actions. C) symmetric information. D) adverse selection.
Best Grapes is a new winery that wants to attract new customers. The managers of Best Grapes advertise the following, "Best Grapes: The Best Value Wine Money Can Buy." If Best Grapes wine is really of poor value, this is an example of ________ a(n) ________ good.
A) greenwashing; credence B) falsely advertising; credence C) falsely advertising; experience D) greenwashing; experience