Fill in the blank: National income accountants who measure GDP try to avoid the ________ problem by only measuring the market value of all final goods and services produced within a country
A) double trouble
B) double indemnity
C) double counting
D) double jeopardy
E) double-your-pleasure
C
Economics
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The theory that regulators' behavior will eventually be compromised by the special interests they regulate is known as the
A) capitulation hypothesis. B) creative hypothesis. C) captive hypothesis. D) capture hypothesis.
Economics
Suppose pigs (P) can be fed corn-based feed (C) or soybean-based feed (S) such that the production function is P = 2C + 5S. If the price of corn feed is $2 and the price of soybean feed is $6, what is the cost-minimizing fee combination producing P = 200?
a. C = 100 b. S = 40 c. C = 50, S = 20 d. All points on the P = 200 isoquant would cost the same.
Economics