U.S. GDP includes estimates of the value of items that are produced and consumed at home, such as housework and car maintenance
a. True
b. False
Indicate whether the statement is true or false
False
Economics
You might also like to view...
Adam Smith's Wealth of Nations, written in 1776, describes the market's invisible hand representing the
A) King of England's control over the colonies. B) control all governments have in organizing the market. C) efficiency the market achieves without the interference of governments. D) inefficiency of markets when governments do not organize them. E) invisible command system that efficiently allocates resources.
Economics
It is possible for the United States to compete against cheap foreign labor because expensive domestic workers
A) pay U.S. taxes. B) receive subsidies. C) are more productive. D) belong to unions.
Economics