Not including transactions from the underground economy will tend to ________ GDP, and not including environmental changes caused by pollution will tend to ________ GDP
A) undervalue; undervalue B) overvalue; overvalue
C) overvalue; undervalue D) undervalue; overvalue
D
Economics
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Imports are products produced in the home country and sold in another country
Indicate whether the statement is true or false
Economics
According to the rule of reason, when would the courts find a monopoly in violation of the Sherman Antitrust Act?
a. Always-monopoly is per se illegal under the rule of reason. b. Only when the monopoly created negative externalities. c. Only when the monopoly engaged in illegal business practices. d. Only when the monopoly charged excessively high prices.
Economics