Which of the following would be included in the calculation of the GDP for the year 2010?
a. Purchase of a 2004 model Volkswagen sedan in 2010
b. Swapping of baseball cards among two college students
c. Car repairs done by a person
d. Fresh lemonade sold at a local diner
e. A lamp sold at a garage sale
d
Economics
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The faster an automobile is driven (speed), the lower the miles per gallon (mpg) for that automobile. Given this information, we say that an automobile's speed and mpg have
A) a direct relationship B) an inverse relationship C) a linear relationship D) a maximum relationship
Economics
Legislation that provides a price support for dairy farmers is an example of
a. public-interest legislation b. competing-interest legislation c. a positive-sum game d. special-interest legislation e. concentrated-costs legislation
Economics