U.S. gross national product is defined as
A) the value of final goods and services produced within the United States.
B) the value of final goods and services produced outside of the United States.
C) the value of final goods and services produced by residents of the United States even if the production takes place outside of the United States.
D) the value of final goods and services produced within the United States, by United States residents.
Answer: C
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Company Z is a U.S. company that has just entered the market for a given good and is the first in this country to produce that good. The good is already being produced in many foreign countries is exported to the United States. If company Z wants to restrict this foreign competition, it will most likely use which of the following arguments?
A) anti-dumping B) national-defense C) job-creation D) infant-industry E) low-foreign-wages
Refer to the following table. Fill in the table and answer the following question: What is the marginal utility of the ninth can of soda?Cans of SodaTotal utilityMarginal utility654 7 68 0954
A. 54 units of utility B. ?6 units of utility C. 2 units of utility D. 0 units of utility
Refer to the above figure. Given the indifference map and budget constraint represented above, what are all possible points at which that the individual can consume?
A. points A and C only B. point B only C. point D only D. points A, B and C only
The demand for Canadian maple syrup by a U.S. store is also a
A. demand for Canadian dollars. B. supply of U.S. dollars. C. supply of Canadian dollars. D. demand for SDRs.