Because of the book, The Other America, Michael Harrington was important in beginning the

One problem with measuring a durable good's cost is

A) how to allocate the initial purchase cost. B) how to account for depreciation of the good. C) that the good may break before the end of its estimated useful life. D) when to decide to throw it away for a newer model even if the cost has not been accounted for.

Which of the following would be most likely to improve the standard of living of a less-developed country?

a. development of strong labor unions b. more foreign investment, attracted by the expectation of economic and political stability c. adoption of trade barriers (higher tariffs and quotas) d. widespread use of price controls to allocate goods and resources