Which auctioned good is more likely to have a common value across potential bidders?

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.

A favorable supply shock shifts the production function curve ________ and the labor demand curve ________

A) upward, upward B) upward, downward C) downward, upward D) downward, downward