Author Question: The value of production generated by a country's factors of production within the borders of foreign ... (Read 88 times)

melina_rosy

  • Hero Member
  • *****
  • Posts: 531
The value of production generated by a country's factors of production within the borders of foreign countries during a particular year was 51,000 and the production of foreign factors of production within the borders of the country during that year
 
  was worth 80,000. Which of the following is likely to be true in this case?
  A) The GDP of the country equals its trade balance. B) The GDP of the country is lower than its GNP.
  C) The GDP of the country is higher than its GNP. D) The GDP of the country equals its GNP.

Question 2

Suppose bad weather in Florida unexpectedly results in a much smaller citrus crop than had been projected. The reduction in the supply of Florida citrus fruit would tend to
 
  A) shift the supply curve for Florida citrus fruit down and to the right.
  B) increase the price of Florida citrus fruit.
  C) increase the supply of California citrus fruit.
  D) decrease the price of California citrus fruit.


isabelt_18

  • Sr. Member
  • ****
  • Posts: 342
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Green tea is able to stop the scent of garlic or onion from causing bad breath.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

For a complete list of videos, visit our video library