Which of the following would contribute to GDP?
a. An American company buys stock in another American company.
b. An American company produces goods in Canada.
c. A Canadian company buys stock in an American company.
d. A Canadian company produces goods in the United States.
D
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A pure monopoly most likely results in productive inefficiency because at the profit-maximizing level of output ________.
A. MC is not at its minimum level B. P is greater than AVC C. ATC is not at its minimum level D. MR is not zero
If the cross elasticity of demand between goods A and B is negative
A) the demands for A and B are both price elastic. B) the demands for A and B are both price inelastic. C) A and B are complements. D) A and B are substitutes.
In 2013, the percentage of health care expenditures paid out-of-pocket was
A. 6.9. B. 8.3. C. 12. D. 1.5.
The Pollution Prevention Act of 1990
a. replaced the National Environmental Policy Act of 1969 (NEPA) b. was repealed in 2005 c. ranks source reduction as the primary goal followed by waste treatment d. ranks recycling above source reduction