Which of the following would increase the net export component of U.S. GDP?
A. A bottle of French wine is purchased in New York
B. A bottle of California wine is purchased in London
C. A car produced in Michigan is purchased in Louisiana
D. A car produced in Japan is purchased in California
Answer: B
You might also like to view...
A firm's total product curve shows
A) that inefficiency is not possible. B) how the cost of the fixed resources change when output changes. C) how the amount of output changes when the quantity of labor changes. D) that in the long run the firm must adjust the quantity of all the resources it employs.
A consumer will consume the combination of goods at the crossing point of a budget line and indifference curve
a. True b. False Indicate whether the statement is true or false
Following the implementation of laws requiring automobiles to have seat belts, which of the following occurred?
a. An individual's probability of surviving an auto accident rose. b. There was an increase in pedestrian deaths. c. There was an increase in automobile accidents. d. All of the above are correct.
If goods A and B are considered complements, a decrease in the price of A would cause
A. the demand curve for B to shift to the right. B. a movement along the demand curve for B to a (higher price, lower quantity) point. C. the demand curve for B to shift to the left. D. a movement along the demand curve for B to a (lower price, higher quantity) point.