The best measure of a country's living standard is______
a. real gdp per capita
b. average annual investments
c. CPI-based inflation rates
d. the minimum wage
Ans: a. real gdp per capita
Economics
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Beth can earn $7,500 by renting out her house. However, her neighbor keeps a pet dog that chases away whoever comes looking for the house. Because her neighbor has a right to keep his pet untied, Beth is unable to find a tenant
What is the efficient outcome in this case if her neighbor values keeping his pet free for $1,500?
Economics
What is a normal rate of return?
What will be an ideal response?
Economics