An export is a product:
A. produced in and purchased by residents of the home country.
B. produced in and sold to the residents of a foreign country.
C. produced in the home country and sold in another country.
D. produced in a foreign country and purchased by the residents of the home country.
Answer: C
Economics
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Refer to Scenario 1-3. Using marginal analysis terminology, what is another economic term for the incremental cost of producing the last 400 t-shirts?
A) operating cost B) explicit cost C) marginal cost D) Any of the above terms are correct.
Economics
Foreign currency market trading volume in 2016 was estimated to be approximately $3 billion per day.
Answer the following statement true (T) or false (F)
Economics