Author Question: Last year in a nation to the south, net domestic product at factor cost equaled 3,300 billion. ... (Read 33 times)

dollx

  • Hero Member
  • *****
  • Posts: 558
Last year in a nation to the south, net domestic product at factor cost equaled 3,300 billion.
 
  Indirect taxes minus subsidies equaled 200 billion, depreciation equaled 800 billion, the statistical discrepancy equaled zero, and net operating surplus equaled 150 billion. The country's GDP was A) 2,300 billion.
  B) 3,500 billion.
  C) 4,300 billion.
  D) 4,450 billion.
  E) 4,150 billion.

Question 2

What is the dumping argument for protection from international trade?
 
  A) Domestic firms must be protected until they gain a comparative advantage.
  B) Any firm necessary in wartime must be protected.
  C) Foreign producers selling below cost to drive domestic firms bankrupt must be stopped.
  D) Domestic jobs must be protected from competition from low-paid foreign workers.
  E) Foreigners selling products in the economy limit the nation's diversity and stability.


Chocorrol77

  • Sr. Member
  • ****
  • Posts: 313
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

For a complete list of videos, visit our video library