It generally costs advertisers more to run a commercial on television in the evening than in the morning because
A) it costs stations and networks more to broadcast any given commercial in the evening.
B) overtime wage rates must usually be paid in the evening.
C) stations and networks ignore their own costs in setting their prices.
D) the government regulates television content but not prices.
A
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What is the value of the intra-industry trade index for an industry in which exports are $200 million and imports are $20 million?
a. 2.00 b. (200 + 20)/20 = 11.00 c. 20/[1/2 × (200 + 20)] = 0.18 d. (200 - 20)/200 = 0.90
In order to include many different goods and services in an aggregate measure, GDP is computed using, primarily,
a. values of goods and services based on surveys of consumers. b. market prices. c. quantities purchased by a typical urban household. d. profits from producing goods and services.