Which of the following expressions equals GDP?
A) compensation of employees + consumption + depreciation + net investment
B) compensation of employees + net interest + rental income + depreciation + corporate profits + proprietors' income + indirect taxes - subsidies
C) compensation of employees + net exports + depreciation + corporate profits
D) compensation of employees + gross investment + rental income + depreciation + corporate profits + indirect taxes - subsidies
B
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________ exists because unlimited wants exceed the limited resources available to fulfill those wants
A) Productive efficiency B) Scarcity C) Economic growth D) The command economy
A market structure characterized by a very few firms who behave interdependently is known as:
a. monopoly. b. monopolistic competition. c. natural monopoly. d. oligopoly.