Apple releases a new iPhone. Which of the following components of U.S. GDP will not be affected, given that the iPhone is manufactured in China?
a. It will increase U.S. net exports, since a U.S. corporation makes the iPhone
b. It will increase consumptions expenditures when U.S. consumers purchase new iPhones.
c. It will increase investment, since Apple places some of the iPhones in to its inventory.
d. It will increase government expenditures, since some iPhones are purchased by the federal government.
a
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Automatic teller machines and debit cards are examples of
A) electronic funds transfer systems. B) commodity monies. C) legal tender in the United States. D) modern barter systems.
The income tax structure in the United States is regressive in nature
a. True b. False Indicate whether the statement is true or false
Pollution reduction policies are likely to lead to: a. higher product prices
b. lower product prices. c. unchanged product prices. d. indeterminate changes in product prices.
Fixed cost is sometimes called
a. total cost b. sunk cost c. variable cost d. marginal cost e. average total cost