What is gross domestic product and what does it represent

1 answer:

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The gross domestic product (GDP) is one of the primary indicators used to gauge the health of a country's economy. It represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy

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Which of the following statements best describes firms under monopolistic competition?

natulia [17]

Answer:

Option C: In the long run, positive economic profit will be eliminated.

Explanation:

The statement that best describes firms under monopolistic competition is Option C, which is "in the long run, positive economic profit will be eliminated."

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3 years ago

The double-blind experiment is one in which: a. the experimenters do not know which is the experimental group and which is the c

34kurt

Answer: c. neither the subjects in the experimental or control groups nor the experimenters know which are the experimental and control groups

Explanation:

A double minded study could be described as one where both the party carrying out the experiment and the perty involved in the experiment do not know themselves. The researcher has no idea with whom they are interacting with. They just perform function and go their way. The purpose of the study is to eliminate suggestion among pratitioners.

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3 years ago

Jasmin belongs to the chess club on her campus. She prefers to associate with other members of the chess club while avoiding peo

tankabanditka [31]

Jasmin has an in-group bias as she does not want to spend time with those who are less intelligent.

<h3>What is an in-group bias?</h3>

This refers to an act of favoring one's own group over other groups because of one' s perceived identification with a social group's qualities, goals or morals.

Hence, this kind of bias is possessed she does not want to spend time with those who are less intelligent.