GDP can be calculated by all of the following methods except
A. Adding up the spending on goods and services by business, government, households, and foreigners, and subtracting imports.
B. Adding up all income and expenses by consumers and businesses.
C. Adding up all of the receipts of households, government, and business.
D. Adding up the "value added" at every stage of production in the economy.
Answer: B
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Refer to Figure 2-10. If the economy is currently producing at point C, what is the opportunity cost of moving to point B?
A) 46 thousand forks B) 26 thousand forks C) 40 thousand spoons D) 20 thousand spoons
Which of the following bank assets is the most liquid?
A) consumer loans B) reserves C) state and local government securities D) U.S. government securities
Which of the following is not a property of assets?
A) risk B) inflation. C) liquidity D) maturity
What are the major reasons a multinational corporation would engage in Foreign Direct Investment (FDI)?
What will be an ideal response?