Marvin visits his aunt and uncle who live in Milwaukee. The Milwaukee Bucks basketball team is scheduled to play a home game against the Golden State Warriors during​ Marvin's visit. An online broker has a ticket for sale in Section 212 of the arena where the game will be played but the​ price, $75, is more than Marvin is willing to pay. From another online ticket broker he buys a ticket for​ $50 for a seat in Section 212 of the arena. On the day of the​ game, a friend of​ Marvin's uncle offers to pay Marvin​ $75 for his ticket. He declines the offer. ​Marvin's refusal to sell his ticket can be explained by A. his failure to ignore the sunk costs of the ticket. B. the endowment effect in which Marvin is not considering the nonmonetary opportunity cost of the ticket. C. his unrealistic view of his future behavior. D. his inclusion of the sunk costs of the ticket in his decision.

Although gdp is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating gdp for the united states? check all that apply. the value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government the variety of goods available to consumers funds spent by city governments to renovate their buildings the costs of air and water pollution when a u.s. company purchases and imports electronic parts from china to use to produce mp3 players within the united states, this purchase increases the component of gdp while also net exports by the same amount. therefore, the purchase of electronic parts from china causes in us gdp.