Author Question: Last year in a nation to the south, net domestic product at factor cost equaled 3,300 billion. ... (Read 87 times)

dollx

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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

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Answer to Question 1

C

Answer to Question 2

C



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