In calculating GDP, household production is
A) included as part of consumption.
B) ignored because it is not a large amount.
C) not included because there is no market transaction.
D) included under employee compensation.
C
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A nation that devotes more of its resources to the production of capital goods is likely to:
A. Cause its production possibilities curve to shift outward B. Cause its production possibilities curve to shift inward C. Increase the slope of its production possibilities curve D. Decrease the slope of its production possibilities curve
Which of the following statements is true?
A. Leverage increases risk. B. Leverage lowers the expected return and lowers risk. C. Leverage increases expected return while lowering risk. D. Leverage lowers the expected return and increases risk.