Answer:
C
Explanation:
The GDP or gross domestic product measures the market value of all goods and services produced in country in a specific period of time. This year GDP should not include the log-splitter because Sally purchased it five years ago. We should include this year purchases: new parts, gasoline, oil. Also, we should include the market value of the 2 hours she spent repairing the log-splitter if she paid someone to do it or if someone paid her to do it, because this is a service. But the problem suggests that she repaired her own log-splitter, then we should not include it this year GDP.
Answer:
Utopolis
a. Social states chosen by the government of Utopolis are:
Social State Unemployed Workers Retirees
A 12 50 10
D 1 40 1
The reason for choosing these social states is that the social states of A and D reduce the headache felt by the government in managing unemployment and paying pensions to retirees, unlike the social states of B and C, which have equal numbers of the distinct subpopulations.
b. The enacted social state will be D. This is the social state preferred by the majority of citizens. There is a utopian economic condition achieved with social state D unlike with other social states.
Explanation:
a) Data and Calculations:
Utility levels in Utopolis:
Social State Unemployed Workers Retirees
A 12 50 10
B 20 20 20
C 15 15 15
D 1 40 1
I think the Constitution provides that the total number of seats in the House shall be distributed among the States on the basis of their respective populations.
The correct answer would be, Opportunity.
Grace is the owner of a local trinket shop. A successful global company approached her about selling its product in her shop. Grace knows this product and company can help her exceed her existing goals. Selling candles is an Opportunity for Grace.
Explanation:
If an individual or company gets a chance to do something, then this is called as the opportunity. The opportunity is always considered better for an individual or the company.
For example, when a person who owns a trinket, (which is the small ornament which has a little value), gets a chance to sell the product of a company which operates internationally or globally, then this would be considered an opportunity for the small business owner. By selling a globally recognized product at your shop, the likelihood of sale of your own product is increased. So Grace would be really happy to sell candles of other company at her shop, as this would be an opportunity for her.
Learn more about opportunity cost at:
brainly.com/question/3611557
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