Explain Why are imports not included in gross domestic product? A.
They are heavily taxed.
B.
They are durable goods.
C.
They are not final goods and services.
D.
They are produced outside the country.

Which effect does an increase in a country’s literacy rate have on the people who live there?

An artist entered into a written agreement to sell a patron a partially finished painting once it was complete. the patron later learned that the artist planned to sell the painting to a third party who offered to pay the artist more than the contract price. the patron filed suit to compel the artist to sell the painting to her in accord with the terms of their agreement, while the artist denied that the painting the artist planned to sell to the third party was the subject of the agreement with the patron. at trial, the patron did not introduce the written agreement or explain its absence. rather, the patron sought to testify that, when she signed the agreement, the artist had pointed to the painting in question and stated that it was the patron’s painting. the artist’s attorney objected to the testimony that the artist identified the painting as belonging to the patron. how should the court rule? asustain the objection, because the artist’s statement was hearsay. bsustain the objection, because the patron failed to produce the written agreement or explain its absence. coverrule the objection, because the statement is not hearsay. doverrule the objection, because the statement was relevant.

An externality can be created by a. people working at a production job and enjoying their work b. a production activity but not a consumption activity c. a consumption activity but not a production activity d. a production activity or a consumption activity externalities a. are always positive, and an example is flu vaccinations b. are always negative, and an example is the pollution created by trucks c. can be negative or positive. logging has a negative externality, and education has a positive externality d. can be negative or positive. a negative externality is having to go to school when you would rather go to the beach, and a positive externality is spending time with your friends