The gross domestic product is not a good measure of the standard of living in a nation because it:
A. Includes the cost of health insurance
B. Excludes payments for pollution control equipment
C. Does not account for the size of the population
D. Does not account for the cost of police protection
C. Does not account for the size of the population
Economics
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On January 25, 2009, one U.S. dollar traded on the foreign exchange market for about 3.33 Romanian new lei. Therefore, one Romanian new lei would have purchased about ________ U.S. dollars
A) 0.30 B) 1.86 C) 2.86 D) 3.33
Economics
"Higher prices always yield higher revenues." Do you agree or disagree? Why?
What will be an ideal response?
Economics