GDP has various shortcomings in measuring well-being. Which of the following is not one of these?
A. the value of leisure
B. the harm from pollution
C. the cost of crime and other social problems
D. the production of intermediate goods
Ans: D. the production of intermediate goods
Economics
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One difference between moral hazard and adverse selection is
a. Moral hazard has to do with unobservable characteristics of individuals b. Adverse selection has to do with unobservable actions of individuals c. Adverse selection occurs when individuals least appropriate for positions are most likely to apply for them d. Adverse selection is when you choose the wrong answer on a test
Economics
Net Domestic Product is derived by subtracting indirect business taxes from Gross Domestic Product
Indicate whether the statement is true or false
Economics