Author Question: The value of what a U.S.-owned McDonald's produces in South Korea is included in the U.S. ________ ... (Read 51 times)

SGallaher96 · **on:** Jun 29, 2018

The value of what a U.S.-owned McDonald's produces in South Korea is included in the U.S. ________ and the South Korean ________.

A) GNP; GDP B) GDP; GDP C) GNP; GNP D) GDP; GNP

Question 2

What is a social cost of production?

A) the sum of all costs to individuals in society, regardless of whether the costs are borne by those who produce the products or consume the product
B) the cost of the environmental damage created by production
C) the total costs of producing a product, both implicit and explicit costs
D) the cost of the natural resources used up in production