The output of Mexican citizens who work in Texas would be included in the
A) net national product of the United States. B) gross national product of the United States.
C) gross national product of Mexico. D) gross domestic product of Mexico.
C
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During the year, suppose a country's total purchases of newly produced capital goods is $2,000 billion, issues $1,600 billion of stock certificates, and has $500 billion in depreciation. Gross investment in this country equals
A) $2,500 billion. B) $2,000 billion. C) $2,100 billion. D) $4,100 billion. E) $3,600 billion.
When and under what circumstances is intervention in international trade justified on market correction grounds? What preconditions would have to be met from the government side for there to be a reasonable likelihood of success?
What will be an ideal response?
The concept of "global competitiveness"
A) is not practical because economic well-being is evaluated within each country. B) means that the economic well-being of each nation must be compared with nations with same size population. C) means that the economic well-being of each nation must be compared with nations on the same continent. D) means that the export-import ratio of each nation must be compared.
One way that government can encourage the production of goods or services that have external benefits is to subsidize the good or service
Indicate whether the statement is true or false