Which of the following would increase the net export component of U.S. GDP?
A. A bottle of California wine is purchased in London.
B. A bottle of French wine is purchased in New York.
C. A car produced in Michigan is purchased in Louisiana.
D. A car produced in Japan is purchased in California.
Answer: A
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If the dollar appreciates against the Mexican peso, consumers in Mexico are likely to buy more local products, and consumers in the United States are likely to buy more Mexican products. This phenomenon is known as:
a. forward exchange rates. b. currency pass through. c. expenditure switching. d. depreciation of the dollar.
Allegiant Air holds a natural monopoly on most of the routes it serves in the United States. Allegiant Air's marginal revenue will ________ when its total revenue ________
A) equal $0; is maximized B) be negative; is maximized C) be positive; is maximized D) inelastic; is increasing E) elastic; is increasing