How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Chris M. Your Own Question

Chris M.
Chris M., M.S.W. Social Work
Category: Homework
Satisfied Customers: 2438
Experience:  Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
Type Your Homework Question Here...
Chris M. is online now
A new question is answered every 9 seconds

1. Which of the following statements regarding Gross Domestic

Resolved Question:

1. Which of the following statements regarding Gross Domestic Product is not true? (Points: 1)
It is a stock variable.
It is measured for a particular time period, usually one year.
It is perhaps the most effective means of viewing the same economy over time
It is a measure of the economy's performance


2. Long-term growth in production can be partially explained by (Points: 1)
trade surpluses that lead to accumulations of precious metals
a gradual but consistent increase in the price level
general optimism about the future and the pioneering spirit of America
improvements in technology


3. Which of the following explains why the aggregate demand curve slopes downward? (Points: 1)
If the price level increases, we feel poorer and therefore buy less.
If the price level increases, we feel richer and therefore buy more.
If domestic prices increase, we substitute domestic goods for imported ones.
If the price of a particular good increases, we substitute away from that good.


4. XXXXX XXXXX's "invisible hand" explains (Points: 1)
why people act in their own best interests
why the government intervenes to overcome failures in private markets.
how people, acting out of self-interest, unintentionally promote the general good
how comparative advantage and specialization promote international trade


5. According to Keynes, in order to get the economy out of a recession, the government should (Points: 1)
plan for a budget deficit
encourage firms to export to other nations, thereby jump-starting the economy
follow an expansionary monetary policy
follow a contractionary monetary policy


6. The difference between human capital and physical capital is that (Points: 1)
human capital is used by humans whereas physical capital is not
only human capital increases labor productivity
human capital is not physical; an example of human capital is education
physical capital requires investment, whereas human capital does not


7. An improvement in the quality of capital would (Points: 1)
rotate the per-worker production function upward
make the per-worker production function flatter
shift the per-worker production function downward
rotate the per-worker production function downward


8. The rules of the game refer to (Points: 1)
any factor that facilitates production and exchange
a gradual but consistent change in the price level until a fair price is attained
the set of election laws that ensure that all votes are counted in every election
the requirements place on firms earning a profit


9. Which of the following best describes the impact of technological change on labor? (Points: 1)
It causes unemployment in the short run and lower incomes in the long run
It causes unemployment in the short run and higher incomes in the long run.
It causes unemployment in the long run and higher incomes in the short run.
It causes unemployment in the long run and lower incomes in the short run.


10. An increase in the amount of capital per worker is called (Points: 1)
capital deepening
marginal capital
per-worker production function
human capital
Submitted: 4 years ago.
Category: Homework
Expert:  Chris M. replied 4 years ago.
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
If you've already paid for this answer, simply Login.
Chris M., M.S.W. Social Work
Category: Homework
Satisfied Customers: 2438
Experience: Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
Chris M. and 8 other Homework Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4514
    More than 5000 online tutoring sessions.
< Last | Next >
  • http://ww2.justanswer.com/uploads/BU/BusinessTutor/2012-2-2_115741_Kouki2.64x64.jpg Manal Elkhoshkhany's Avatar

    Manal Elkhoshkhany

    Tutor

    Satisfied Customers:

    4514
    More than 5000 online tutoring sessions.
  • http://ww2.justanswer.com/uploads/LI/lindaus/2012-6-10_04811_IMG20120609164157.64x64.jpg Linda_us's Avatar

    Linda_us

    Finance, Accounts & Homework Tutor

    Satisfied Customers:

    3099
    Post Graduate Diploma in Management (MBA)
  • http://ww2.justanswer.com/uploads/lanis/2009-4-1_233717_phput9xef_c1pm.jpg Lani S.'s Avatar

    Lani S.

    Tutor

    Satisfied Customers:

    2453
    Registered Nurse, Internet Researcher, Private Tutor
  • http://ww2.justanswer.com/uploads/chooser77/2009-08-18_162025_Chris.jpg Chris M.'s Avatar

    Chris M.

    M.S.W. Social Work

    Satisfied Customers:

    2258
    Master's Degree, strong math and writing skills, experience in one-on-one tutoring (college English)
  • http://ww2.justanswer.com/uploads/ComputersGuru/2010-02-13_051118_Photo41.JPG LogicPro's Avatar

    LogicPro

    Engineer

    Satisfied Customers:

    2193
    Expert in Java C++ C C# VB Javascript Design SQL HTML
  • http://ww2.justanswer.com/uploads/JawaadAhmed/2009-6-27_12137_SIs_SHadi.jpg F. Naz's Avatar

    F. Naz

    Chartered Accountant

    Satisfied Customers:

    1962
    Experience with chartered accountancy
  • http://ww2.justanswer.com/uploads/JK/jkcpa/2011-1-16_182614_jkcpa.64x64.jpg Bizhelp's Avatar

    Bizhelp

    CPA

    Satisfied Customers:

    1865
    Bachelors Degree and CPA with Accounting work experience