Which of the following transactions would be included in the GDP of the United States?
A. Honda produces cars in Ohio.
B. Coca Cola produces soft drinks in England.
C. McDonalds sells hamburgers in Russia.
D. Ford Motor Company produces cars in Mexico.
Answer: A
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The money multiplier is equal to
A) the government spending multiplier. B) 1/(reserve ratio). C) the marginal propensity to consume. D) the reserve ratio.
For state nonmember banks, the "primary" federal regulator is the
A) Federal Reserve. B) FDIC. C) House Banking Committee. D) Comptroller of the Currency.
The total social costs of production are:
a. private costs plus private benefits. b. private benefits minus private costs. c. private costs plus external costs d. private costs minus external costs.
The cost associated with foregoing the opportunity to employ a resource in its best alternative use is called:
A. an avoidable cost. B. a sunk cost. C. an opportunity cost. D. the user cost of capital.