In recent years, people have benefited from greater amounts of leisure time. This trend:
A. has caused GDP to rise.
B. has caused GDP to fall.
C. made GDP fluctuate randomly.
D. is not accounted for in GDP.
Answer: D
Economics
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According to hegemonic stability theory, the United States will
a. be relieved to finally let go of its status as world leader. b. not give up its global preeminence without a fight. c. diminish so gradually that its reduced global influence will hardly be noticed. d. never have to worry about losing its world dominance.
Economics
The benefit from an additional unit of a good or service that society receives from the consumption of that good or service is the
A) marginal private benefit. B) marginal external benefit. C) marginal social benefit. D) opportunity cost.
Economics