What is the labor theory of value?
What will be an ideal response?
The labor theory of value is the theory that the value of a commodity depends only on the amount of labor required to produce it.
Economics
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What is the best measure of the value of output of an economy?
A) NNP B) GNP C) GDP D) the GDP deflator
Economics
Eastern Europe is an information-__________ environment, which __________ the use of securities markets for large-firm financing
A) poor; encourages B) poor; discourages C) rich; encourages D) rich; discourages
Economics