Which of the following is a macroeconomic measurement used to gauge macroeconomic activity?
A) Net domestic product
B) National income
C) Personal income
D) Disposable income
E) all of the above
E
Economics
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The resource allocation method used for the online auctions on eBay is
A) market price. B) lottery. C) contest. D) first-come, first-served. E) sharing equally.
Economics
The paradox of value refers to the fact that
A) different consumers value the same items differently. B) the value of a good depends on its total utility. C) water costs little, while diamonds cost a lot. D) water brings little consumer surplus.
Economics