Author Question: Last year in a nation to the south, net domestic product at factor cost equaled 3,300 billion. ... (Read 46 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?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

For a complete list of videos, visit our video library