In the above table, the average total cost of producing 14 units of output is

If a U.S. firm produces cars in Mexico, that production should count towards

A) Mexico's GNP. B) U.S. GDP. C) U.S. GNP. D) It will not affect either U.S. GNP or U.S. GDP.

The above figure shows the market for rice in Japan where price is expressed in dollars. S represents the domestic supply curve, and the horizontal line at P = $1 represents the world supply curve. Currently Q1 units are imported

The loss from shifting production from foreign to domestic producers equals A) c + e B) i. C) e. D) a + c + d + e.