If a U.S. firm produces cars in Mexico, that production should count towards
A) Mexico's GNP. B) U.S. GDP.
C) U.S. GNP. D) It will not affect either U.S. GNP or U.S. GDP.
C
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Refer to the figure below. Moving from demand curve D1 to demand curve D2 illustrates a(n):
A. decrease in quantity demanded. B. increase in quantity demanded. C. increase in demand. D. decrease in demand.
What answers are required before the notions of horizontal and vertical equity become meaningful?
What will be an ideal response?
The first column of the following table describes the price movement of AOL Corporation stock over a five-year period. The second column gives the period's consumer price index
Calculate the real value of the stock for each time period using year 5 as the base year. If you purchased $1,000 worth of AOL Corporation in year 1, what has happened to the purchasing power of your original $1,000 investment when you sell the stock in year 5? Year AOL CPI 1996 $4.00 147.8 1997 $3.84 155.3 1998 $7.00 163.0 1999 $37.00 165.4 2000 $70.00 172.1
Acme Inc. found a tricky way to conform to the letter of the law with respect to new EPA regulations, even though they violated the spirit of the law. This is called
A. share-the-gains, share-the-pains theory. B. collusive response. C. creative response. D. the capture theory.