If WarmWear, a U.S.manufacturer of winter clothing, opens a new factory in Austria, then
a. Austrian GNP increases by more than Austrian GDP, because GDP includes income earned by foreigners working in Austria.
b. Austrian GNP increases by more than Austrian GDP, because GDP excludes income earned by foreigners working in Austria.
c. Austrian GNP increases by less than Austrian GDP, because GDP includes income earned by foreigners working in Austria.
d. Austrian GNP increases by less than Austrian GDP, because GDP excludes income earned by foreigners working in Austria.
c
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Usually the imposition of trade barriers affecting a particular good benefits ________ people domestically, each of whom gains a ________
A) a few; little B) a few; lot C) many; little D) many; lot
In the Taylor rule, does the target for the federal funds rate respond differently for a recession caused by a decrease in aggregate demand and for a recession caused by a decrease in short-run aggregate supply? Explain whether there is or is not a
difference in how the target for the federal funds rate changes.
During the Great Recession of 2008, which of the following corporations generated the greatest profits?
A. Walmart B. Exxon C. Microsoft D. General Motors
Refer to the below table. What percentage of households made less than $15,000?
A. 5
B. 6
C. 11
D. 23