Which adjustment(s) must be made to convert net domestic product to GDP?
i. add indirect taxes
ii. subtract subsidies
iii. add depreciation
A) i, ii and iii B) i and ii C) iii only D) i and iii only E) ii only
A
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Which of the following best describes the relationship between market transactions and the ultimatum and dictator games?
A. Market transactions operate more like the ultimatum game than the dictator game. B. Market transactions operate more like the dictator game than the ultimatum game. C. The ultimatum and dictator games both provide good representations of how market transactions work. D. Neither the ultimatum game nor the dictator game bears much similarity to market transactions.
Which one of the following relationships is most likely to be stochastic rather than deterministic?
a) The relationship between the number of hours LEAP tutors work in one pay period and the size of their paycheck for that period. b) The relationship between the number of boxes of Girl Scout cookies sold and the total revenue generated from the sales of Girl Scout cookies. c) The relationship between the number of hours students study and their GPAs. d) The relationship between the ticket revenue from a concert and the number of tickets sold.