Consumer sovereignty is mainly applicable to ______ economies.
a. traditional
b. centralized
c. command
d. market
d. market
Economics
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GDP tends to overstate economic well-being because it takes into account:
A. Improvements in product quality over time B. Expenditures undertaken to correct pollution C. Illegal activities of individuals and businesses D. Nonmarket activities, such as the productive work of homemakers
Economics
Which of the following would be considered a "leisure" activity by economists?
A. Driving an on-duty taxi. B. Driving to the movies. C. Driving a forklift for work. D. Driving a bus for a city.
Economics