Which of the following would be included in Germany's GNP?
A) the production of BMWs (made by a German-based company) in South Carolina
B) the production of Michelin tires made in Germany by a French company and then sold directly to French consumers
C) the production of BMWs in Germany
D) the production of Michelin tires made in France by a French company and then sold to BMW in Germany for use in BMW cars
E) Answers A and C are correct.
E
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When a commercial bank borrows from a Federal Reserve Bank, ________.
A. it indicates that the commercial bank is unsound financially B. the supply of money automatically increases C. the commercial bank's reserves are reduced D. the commercial bank's lending ability is increased
Those who favor a passive approach to policy believe that:
a. discretionary monetary policy can be used to help the economy since monetary policy lags are short b. discretionary fiscal policy can be used to help the economy since fiscal policy lags are short. c. lags associated with implementing policies are too long and unstable for discretionary policy to be effective. d. despite the lags involved, implementing discretionary policy is preferable to inaction. e. automatic stabilizers cannot be used to help the economy since monetary policy lags are short.
Justine is an artist. In 2003, she produced 15 paintings and sold all 15 . In 200 . she produced 14 paintings and sold 11 . In 2005, she produced 16 paintings and sold 18 . Explain how many of Justine's paintings would be counted as part of gross private domestic investment in each of these three years
Which of the following distinguishes corporations from the other forms of business organization?
a. Corporations can issue stock. b. Corporations are permitted to operate in other countries. c. Corporations can produce more than one product. d. Corporations can offer both products and services. e. Corporations are subject to unlimited liability.