GDP is an imperfect measure of well-being because
a. it does not measure standards of living.
b. it does not include household production.
c. it ignores many of the costs of production.
d. it excludes many goods produced within markets.
e. both b and c.
E
Economics
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Refer to Figure 8.1. This situation represents a
A) pure coordination game. B) prisoner's dilemma game. C) chicken game. D) battle of the sexes game.
Economics
If the price of an Xbox player falls, then in the market for Xbox games
A) the demand curve for Xbox games shifts rightward. B) the demand curve for Xbox games shifts leftward. C) there is a movement downward along the demand curve for Xbox games. D) there is a movement upward along the demand curve for Xbox games.
Economics