An American soldier stationed in North Carolina receives a paycheck from the federal government for $300, which she uses to purchase a $100 MP3 player made in China by a Chinese firm and $200 for fruit and vegetables from a local farmers market. As a result, U.S. GDP increases by

The rules established under GATT are enforced by the

a. governments of the nations that are involved in GATT. b. North American Free Trade Association. c. World Trade Organization. d. European Union.

Damian wants to start a business where he is the only owner and the company does not issue stock. The type of business Damian wants to start is a

A) sole proprietorship. B) partnership. C) corporation. D) Any of the above could be correct.