The compilers of the national accounts can avoid double counting by recording only every second transaction in the economy

1 answer:

5 0

<span>The compilers of the national accounts can avoid double counting by recording only every second transaction in the economy. The statement that is presented says it's True. In order for us to avoid double counting, the only sales of final services and goods must be included. Take note, it is in the national accounts.</span>

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The difference between specific knowledge and general knowledge is that A. general knowledge is rival in consumption, while spec

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The correct answer is D. Specific knowledge is excludable, while general knowledge is not excludable.

Explanation:

General knowledge refers to information, facts, etc. that are basic, and due to this, they are known by most of the people. Indeed, general knowledge is obtained through basic education, interaction with others and exposition to media. Moreover, general knowledge covers multiple areas. On the other hand, specific knowledge focuses on specific areas and covers complex facts, information, etc. Also, in most cases, specific knowledge can only be acquired through formal training or education.

Besides, in terms of excludability (quality of a service or product that needs to be paid to be acquired), specific knowledge is mainly excludable because people who do not pay for formal training cannot obtain it. On the opposite, general knowledge is not excludable as this can be obtained for free, and therefore it is not possible to control this (Option D).

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Answer:

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