Wheat produced in the U.S. but sold in Japan would not be included while calculating the U.S. GDP

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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DVDs can be produced at a constant marginal cost, and Roaring Lion Studios is releasing the DVDs for its last two major films. The DVD for Rambeau 17 is priced at $20 per disk, and the DVD for Schreck 10 is priced at $30 per disk

If the Lerner indices for Rambeau 17 divided by the Lerner index for Schreck 10 equals 0.5, what is the constant marginal cost of producing both DVDs? A) MC = $10 B) MC = $15 C) MC = $20 D) MC = $5

Economics

Comparative advantage matters most in determining the efficient distribution of production over the world

a. True b. False Indicate whether the statement is true or false

Economics