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Sergeu [11.5K]
3 years ago
14

In the post World War II period, considerable growth in total production took place in the United States. But at the same time,

businesses were dumping their waste into the Great Lakes with minimal cost to themselves, significantly polluting the bodies of water as a result. This occurrence is an example where
A) real GDP gives an overly positive view of economic welfare.
B) real GDP gives an overly negative view of economic welfare.
C) investment would have been a better measure of total production.
D) the pollution counts as a final good.
Business
1 answer:
Maurinko [17]3 years ago
7 0

Answer:

The answer is A) real GDP gives an overly positive view of economic welfare.

Explanation:

Real GDP measures the economic value of total produced goods of an economy adjusted by price levels. It takes in account consumption, investment government purchases and net exports.

However, they do not take into account externalities or negative consequences of the production of an economy. If US produced in factories that produce a lot of pollution, the GDP would capture the value of the produced goods from the factory. However it will not measure the economic consequences of pollution, damage to environment and the industries that depend in these resources. In the long run GDP could be lower if that pollution decreased the possibilities or inputs used to produce goods but in the short run GDP will give a positive view as if nothing bad was happening.

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If, at the current price, there is a shortage of a good, thena. sellers are producing more than buyers wish to buy.b. the market
sdas [7]

Answer:

C. the price is below the equilibrium price

Explanation:

Remember, in the law of demand and supply the quantity supplied is dependent on the value of the price of a good.

In this case the price is below the equilibrium price; meaning demand would be higher than the supply which results in the shortage of the good and the company therefore raises the price of the good.

For example, the price of oranges decrease in the equilibrium price (from $10 to $5), resulting in an increase in the demand for oranges.

The increase in demand would lead to shortage, making farmers increase price wanting to supply more.

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4 years ago
A __________ is a private investment pool open only to wealthy or institutional investors that is exempt from sec regulation and
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Hedge fund is the right answer
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3 years ago
Question 2 (multiple choice)
Paha777 [63]
A. $625.71
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4 0
4 years ago
Disparate treatment could be legal if the discrimination: a. results in increased efficiency. b. is performed by a governmental
marta [7]

Answer:

The correct answer is D

Explanation:

Disparate treatment is the treatment which differing conduct or performed toward the individuals, where the differences are grounded on the individual age, colour, national origin, race, disability or religion status.

This treatment would be legal if the discrimination would be BFOQ (termed as bona fide occupational qualification), the courts must have held that in few situations that the factor like sex or religion might be BFOQ, which is important qualification for performing a job.

7 0
4 years ago
A corporation reports the following year-end balance sheet data. The company's acid-test ratio equals:
Margaret [11]

Answer: 1.27

Explanation:

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= (Cash + Accounts Receivable) / Current liabilities

= (40,000 + 55,000) / 75,000

= 95,000 / 75,000

= 1.27

8 0
3 years ago
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