Which of the following should be included in U.S. GDP?
A) a 3D television manufactured in Thailand and sold in the United States
B) a 3D television manufactured in the United States and sold in Thailand
C) a 3D television manufactured in Thailand by a U.S. firm and sold in the United States
D) a used 3D television manufactured in the United States and sold in Thailand
B
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In the United States, domestic investment is greater than national saving
Indicate whether the statement is true or false
Would it make sense to buy a house when mortgage rates are 14% and expected inflation is 15%? Explain your answer
What will be an ideal response?
The supply curve illustrates that firms:
A. increase the quantity supplied of a good when its price rises. B. decrease the quantity supplied of a good when input prices rise. C. decrease the supply of a good when its price rises. D. increase the supply of a good when its price rises.
Under the existing system of partially-flexible exchange rates, a country experiencing what it believes is a long-term balance of payments deficit might be expected to:
A. let its currency lose value. B. buy its own currency in the foreign exchange market. C. sell its own currency in the foreign exchange market. D. let its currency gain value.