General Motors Corporation (a U.S.-based firm) produces a Saab vehicle in Sweden, and sells it in the United States. In which country’s GDP is it included?

Which of the following will most likely occur under a system of clearly defined and enforced private property rights?

What does bile salts do in the digestion/absorption of fats?

Which of the following is part of the economic way of thinking?

You put money into an account. One year later you see that you have 5 percent more dollars and that your money will buy 6 percent more goods.

When economists say a good is scarce, they mean

Lectura        Read the description of a store at a mall, and then answer the questions. La semana pasada abrió las puertas la tienda de ropa deportiva El campeón. Esta tienda está en el tercer piso del centro comercial. La tienda tiene una gran variedad de zapatos de tenis, pantalones cortos, camisetas y trajes de baño de todos los colores. Muchas personas buscaron los zapatos de tenis Mercurio en todas las tiendas deportivas de la ciudad y sólo los encontraron en ésta. Esos zapatos son especiales para correr largas distancias. A los primeros cien clientes les dieron una gran rebaja. 2. ¿Dónde está la tienda?

The real rate of interest equals the

Sophia is tending to her home garden while awaiting recall from her seasonal part-time job. The Bureau of Labor Statistics would classify Sophia as

Nominal GDP differs from real GDP because _____.