Underestimate the value of output

Assignment Help Accounting Basics

Reference no: EM13762899

1. GDP measures underestimate the value of output produced by an economy because they include services not transferred through markets? T or F

2. Real GDP measures the value of goods and services using current-year prices? T or F

3. Investments are actions that incur costs today but provide expected benefits in the future. T or F

4. Banks prefer to make loans than keep reserves because they earn interest on loans but not reserves. T or F

5. When one individual writes a check to another individual, the money supply will NOT be changed? T or F

6. The exchange rate between currencies of different countries is controlled primarily by supply and demand in currency markets. Tor F

7. If supply of a product increases and demand for the product decreases, equilibrium price will definitely change. T or F

8. Markets exist to facilitate exchange between people. T or F

9. When product prices increase faster than nominal wages increases, the real value of wages decreases. T or F

10. Excesses supply in an unregulated market will cause the price of a product to fall. T or F

11. Two goods are substitutes, if an increase in the price of one good leads to an increase in demand for the other. T or F

12. An increase in demand will cause the equilibrium price and quantity to rise, ceteris paribus .T or F

13. An increase in wages will shift the supply curve up and to the left. T or F

14. If the quantity supplied of a product is greater than the quantity demanded for a product, there is pressure in the market to push the price upward. T or F

15. According to the principle of diminishing returns, an additional worker decreases total output. T or F

Reference no: EM13762899

Questions Cloud

True sampling error : The true sampling error is usually not known because

Create a c++ project using appropriate data types : Create a C++ project. Declare the following identifiers using appropriate data types.

Study of the human muscles : 1. The study of the human muscles.

Create while-end repetition structure includes a nested if : Create your own While-End (or For-End) repetition structure that includes a nested if-then selection structure. You decide the theme. You should provide both the pseudocode and the flowchart of your example.

Underestimate the value of output : GDP measures underestimate the value of output produced by an economy because they include services not transferred through markets? T or F

Issues based on agricultural industary : The discharge rate of the wastewater to maintain at least 5 mg/L critical DO concentration in the river

Advanced information technology of u : Assess the relationship of systems analysis, design, implementation, and development processes as they relate to the management of information technology systems

Profitability of the zenith and pinnacle models : Using activity-based costing (ABC), calculate the profitability of the Zenith and Pinnacle models.

Are you to support federal welfare programs : Are you to support federal welfare programs, or are we to let people starve on the streets? There can be no truth in Nietzsche's philosophy, for Nietzsche was a man who deserted his friends and betrayed those who trusted him.

User Account

All Pages