An example of a good or service that would count in the U.S. GDP would be a bag of coffee made in:
A. Canada by Starbucks.
B. Vermont by Green Mountain Coffee Roasters.
C. Colombia by Dunkin' Donuts.
D. All of these would count in U.S. GDP.
Answer: B
Economics
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What is the great advantage of adjudication over legislation in the management of negative externalities?
A) Adjudication has lower costs. B) Adjudication maintains the continuity of expectations. C) Courts are bound by the rule of law and legislatures are not. D) Courts can act more quickly than legislatures. E) There are no clear answers in such cases.
Economics
Roughly how large is the difference between U.S. GDP and U.S. GNP?
A) Less than 0.1% B) About 10% C) About 20% D) About 25% E) About 55%
Economics