When Del Monte, an American company, purchases Mexican tomatoes, Del Monte pays for the tomatoes with
A) Mexican goods and services.
B) euros.
C) gold.
D) Mexican pesos.
E) Canadian dollars.
D
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According to OSHA standards, the air in the building that John works in is unsafe. The type of regulation that OSHA engages in is known as
A) the Federal Register. B) social regulation. C) the market share test. D) economic regulation.
Specialization allows individuals to:
A. become more self-sufficient. B. focus their attention on one aspect of production. C. better understand the entire production process. D. broaden their skill base.
Computation of gross domestic product by the expenditure method would include the purchase of:
A. a school building by the U.S. Department of Education. B. fertilizer by a farmer. C. government bonds by a commercial bank. D. cement by a construction company.
Which statement is true?
A. The U.S. standard of living is higher than that of India because we have more capital. B. It is easier to attain full production than full employment. C. The United States often operates outside the production possibility frontier. D. All of the statements are true.