Which of the following is true of exports and imports?
a. Both imports and exports are added to a nation's gross domestic product (GDP)
b. Both imports and exports are subtracted from a nation's gross domestic product (GDP).
c. Imports are added and exports are subtracted from a nation's gross domestic product (GDP).
d. Exports are added and imports are subtracted from a nation's gross domestic product (GDP).
e. Neither imports nor exports are included in a nation's gross domestic product (GDP).
c
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Assume that as a firm expands its scale of operation, the minimum point of its short-run average total cost curve is unchanged. In this case, we would say that the firm is experiencing diseconomies of scale
Indicate whether the statement is true or false
If two indifference curves were to intersect at a point, this would violate the assumption of
A) transitivity. B) completeness. C) Both A and B above. D) None of the above.