Business, 23.09.2021 14:00 staceyfrog2002ovw02g

Each scenario includes two transactions. Determine whether these transactions will increase GDP. 1. Sean grows vegetables in his garden to make salads for his family. Mike purchases vegetables at a local farmers' market to make salads for his family.
a. Neither Sean nor Mike's transaction is included in GDP.
b. Only Sean's transaction is included in GDP.
c. Both Sean and Mike's transactions are included in GDP.
d. Only Mike's transaction is included in GDP.
2. Sam volunteers at the local library tutoring students in math. Laura tutors students in math, but instead of receiving money, parents often make her meals or give her small gifts.
a. Only Sam's transaction is included in GDP.
b. Both Sam and Laura's transactions are included in GDP.
c. Only Laura's transaction is included in GDP.
d. Neither Sam nor Laura's transaction is included in GDP.
3. Neil sells illegal drugs. Morgan creates copies of music downloads and sells them.
a. Only Neil's transaction is included in GDP.
b. Only Morgan's transaction is included in GDP.
c. Neither Neil nor Morgan's transaction is included in GDP.
d. Both Neil and Morgan's transactions are included in GDP.

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 06:10

P11.2a (lo 2, 4) fechter corporation had the following stockholders’ equity accounts on january 1, 2020: common stock ($5 par) $500,000, paid-in capital in excess of par—common stock $200,000, and retained earnings $100,000. in 2020, the company had the following treasury stock transactions. journalize and post treasury stock transactions, and prepare stockholders’ equity section. mar. 1 purchased 5,000 shares at $8 per share. june 1 sold 1,000 shares at $12 per share. sept. 1 sold 2,000 shares at $10 per share. dec. 1 sold 1,000 shares at $7 per share. fechter corporation uses the cost method of accounting for treasury stock. in 2020, the company reported net income of $30,000. instructions a. journalize the treasury stock transactions, and prepare the closing entry at december 31, 2020, for net income. b. open accounts for (1) paid-in capital from treasury stock, (2) treasury stock, and (3) retained earnings. (post to t-accounts.) c. prepare the stockholders’ equity section for fechter corporation at december 31, 2020.

Answers: 1

Answer

Business, 22.06.2019 15:50

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.

Answers: 1

Answer

Business, 22.06.2019 20:00

Acompetitive market in healthcare would a. overprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers b. underprovide healthcare because it would eliminate medicare and medicaid c. underprovide healthcare because the marginal social benefit of healthcare exceeds the marginal benefit perceived by consumers d. overprovide healthcare because it would be similar to the approach used in canada

Answers: 1

Answer

Business, 22.06.2019 21:00

In a transportation minimization problem, the negative improvement index associated with a cell indicates that reallocating units to that cell would lower costs.truefalse

Answers: 1

Answer

You know the right answer?

Each scenario includes two transactions. Determine whether these transactions will increase GDP. 1...

Questions