Which of the following would be included in the GDP of the United States?
A. Boeing builds a plane in Seattle that is sold to Air Canada.
B. Planet Hollywood serves customers in a restaurant in Hong Kong.
C. Nestle produces a candy bar in Switzerland that is sold in San Francisco.
D. General Motors produces a car in Germany that is sold in Michigan.
Answer: A
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A ________ is a formal organization of producers who agree on anticompetitive actions
A) duopoly B) cartel C) monopoly D) partnership
The hypothesis that changes in the money supply lead to proportional changes in the price level is called
A) the equation of exchange. B) the Keynesian multiplier. C) the theory of empirical relativity. D) the quantity theory of money and prices.
Free Market System
What will be an ideal response?
An increase in the home country's income will result in a(n) ___ in the home country trade balance, and an increase in foreign income will result in a(n) ___ in the home country trade balance.
a. fall; fall b. increase; increase c. increase; fall d. fall; increase