The GDP of the United States includes production by foreign-owned firms that are located in the United States.
Answer the following statement true (T) or false (F)
True
The key issue is, where does the production take place?
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Because of the popularity of the movie "Frozen," there is a large increase in demand for the merchandise, there is also many new companies producing items from backpacks, to dresses, to "Frozen" themed food items. How has this affected the market for "Frozen" merchandise?
A. Price increases and quantity is indeterminate. B. Quantity increases and price is indeterminate. C. Price decreases and quantity is indeterminate D. Quantity decreases and price is indeterminate.
All else constant, as the barriers to entry into a particular market increase, so will the ability of firms in that market to earn above-average profits
Indicate whether the statement is true or false
The manager of Slick Lens, a sunglasses manufacturer, notices that the cost to distribute their sunglasses in the spot market has risen. As a result of the change, which of the following is true?
A) The manager has more of an incentive to integrate forward. B) The manager has more of an incentive to integrate backward. C) The manager has less of an incentive to integrate forward. D) The manager has less of an incentive to integrate backward.
The term "fiduciary" comes from the Latin fiducia, which means
A) value. B) gold. C) money. D) trust or confidence.