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Anestetic [448]
3 years ago
9

Which of the following activities are either not accounted for or are measured inaccurately in calculations of GDP for the Unite

d States?a. An MP3 player that is made in China, and sold in the United States b. The leisure time enjoyed by Americans c. Funds spent by city governments to renovate their buildings d. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government e. The loss of enjoyment people incur when scenic land is converted to commercial use
Business
1 answer:
rewona [7]3 years ago
8 0

Answer:

b. The leisure time enjoyed by Americans

d. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government

e. The loss of enjoyment people incur when scenic land is converted to commercial use

Explanation:

Many people have criticized GDP as a measure of well being, they believe GDP is not able to capture all the activities that should be represented in the measurement of well being in an economy.

They argue that GDP does not take into consideration leisure time and no adjustment is made for it in its computation.

Another argument is some services paid in cash not reported to the government is missing from the GDP computation, such as the value of babysitting services paid in cash.

The GDP doesn't account for loss of enjoyment people incur when scenic land is converted to commercial use.

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It is has been estimated that there are ________ varieties of psychopathology.
jolli1 [7]
It has been estimated that there are over 300 varieties of psychopathology. These have been divided into eleven major classes.
3 0
3 years ago
Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric
kotykmax [81]

Answer:

Export

true

Explanation:

Because the price of meekers in meekertown is lower than the world price for meekers, meekers from meekertown are cheaper. so if free trade is allowed, other countries would want to purchase meekers from meekertown because it is cheaper.

So, meekertown would export meekers if free trade is allowed.

When a country is too small affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.

this is so because if the country is efficient in production of a good (producing at a lower price when compared to the world price), export of the good would increase thus increasing producer surplus. if on the other hand, the country is inefficient in producing a good and the country allows for free trade, the country can import the good. this would increase consumer surplus.

4 0
3 years ago
Studying international business is important because the best way of conducting business is usually the same from country to cou
kakasveta [241]

Answer:

FALSE

Explanation:

Conducting business is usually NOT the same from country to country because:

1. DIFFERENCE IN BUSINESS ETHICS: Business ethics vary from nation to nation. European countries work from 8 am to 5 pm on a typical work day and rest on Saturdays and Sundays; but in the middle East, people do not work on Fridays but work on Sundays. They also take a lot of business time off for routine prayers during normal work hours.

2. NEED FOR TRANSLATORS: Differences of language does increase the cost of carrying out business activities in other nations. Take India and China for example; You cannot conclude that business deals will be carried out without hiring a translator who understands Hindi or Mandarin.

3. LOCAL LAWS AND CUSTOMS: The UK customs and laws require that cars be driven on the left hand side of the road but that is not the same in most other countries of the world, hence a U.S car manufacturer must be aware of the costs of redesign if he has to sell cars in the U.K.

5 0
3 years ago
Janis starts a small quilting and embroidery business. She purchases a technologically advanced quilting machine and an embroide
QveST [7]

Answer:

B. Cash Flow problem

Explanation:

Cash flow problem occurs in a business when the business struggles to pay back debts. It happens when a business cannot longer cover its debt payments and operational expenses. It is very common in new and growing business, because during growth period in a business, expenses are larger than receivables.

Janis in this case is facing cash flow problems as she is not getting enough clients and receivables to pay back the expenses her equipment is bringing in. The major solution to cash flow problem for short term/temporary issues is Financing.

7 0
3 years ago
You were able to purchase two tickets to an upcoming concert for $100 apiece when the concert was first announced three months a
dusya [7]

Answer: $450

Explanation:

Total tickets purchased = 2

The cost of one ticket three months ago = $100

Current price of one ticket = $225

Total cost of two tickets = $225 × 2

                                        = $450

The opportunity cost is the benefit that is foregone by selecting some other alternative. So, here two options are available that either attend the concert or resell the ticket at $450. Therefore, the opportunity cost of attending the concert is $450.

4 0
3 years ago
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