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In computing GDP, market prices are used to value final goods and services because __________. A. if market prices are out of line with how people value goods, the government sets price ceilings
and price floors B. market prices do not change much over time, so it is easy to make comparisons between years C. market prices reflect the values of goods and services D. Market prices are not used in computing GDP
final goods and services because C. makret prices reflect the values of goods and services
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User: Which of the following would be most likely to contribute to the breakdown of a cartel in a natural resource (e.g., bauxite) market? A. High compatibility of member interests B. Unequal member ownership of the natural resource C. Low price elasticity of demand D. High prices

User: In computing GDP, market prices are used to value final goods and services because __________. A. if market prices are out of line with how people value goods, the government sets price ceilings and price floors B. market prices do not change much over time, so it is easy to make comparisons between years C. market prices reflect the values of goods and services D. Market prices are not used in computing GDP

Weegy: final goods and services because C. makret prices reflect the values of goods and services
Expert answered|MrG|Points 1886|

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Asked 11/21/2012 3:22:08 PM
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Managerial accounting __________. A. pertains to the entity as a whole and is highly aggregated B. is concerned with costing products C. is governed by generally accepted accounting principles D. places emphasis on special-purpose information
Weegy: D. is concerned with costing products User: Managerial accounting Weegy: This study focuses on the outcome of acculturation on the personal value system of managers. [ [ Specific focus is placed on Chinese managers across different countries, taking into consideration the moderating influence of cultural heritage and national environment. The influence of culture is controlled by taking sampled Chinese managers across three countries: the Peoples' Republic of China (PRC), the United States of America (USA), and Singapore. Following the approach of past studies, our measures of Chinese personal value systems include integration, Confucian work dynamism, human-heartedness, and moral discipline. Results from a mail survey of 462 Chinese managers indicated significant differences among the managers in the three nations in all the measures. In particular, Singaporean Chinese managers displayed most dissimilar values with their PRC counterparts, while showing more common values with the American Chinese managers. The findings support the cultural convergence theory, which stipulates that through imperatives of industrialization and modernization, personal value systems of managers are likely to become increasingly similar. ] ] User: he cost principle is the basis for preparing financial statements because it is __________. A. an international accounting standard B. a conservative value C. relevant and objectively measured, and verifiable D. the most accurate measure of purchasing power Weegy: The cost principle is the basis for preparing financial statements because it is relevant and objectively measured, and verifiable. User: Sam's Used Cars uses the specific identification method of costing inventory. During March, Sam purchased three cars for $6,000, $7,500, and $9,750, respectively. During March, two cars are sold for $9,000 each. Sam determines that at March 31, the $9,750 car is still on hand. What is Sam’s gross profit for March? A. ... (More)
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Asked 11/21/2012 2:34:04 PM
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