Two reasons why valuing goods at their market prices is different than valuing them at their factor costs include
A) depreciation and investment.
B) exports and imports.
C) personal taxes and corporate taxes.
D) indirect taxes and subsidies.
D
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In the neoclassical growth model, if two countries are exactly the same but one has a higher savings rate, we would expect that country to have
a. higher output, a higher capital-to-labor ratio, and higher output growth in the steady state. b. higher output, a higher capital-to-labor ratio, and the same output growth in the steady state. c. the same output and capital-to-labor ratio, but higher output growth in the steady state. d. higher output, the same capital-to-labor ratio, and the same output growth in the steady state.
If a good or service has only one seller, then the seller is called a monopoly
a. True b. False Indicate whether the statement is true or false