When a society takes increasing amounts of resources and applies them to the production of a specific good, resulting in increasing opportunity costs for each additional unit produced, which of the following applies?

Per capita GDP is simply GDP divided by

A) the population. B) the price level. C) the inflation rate. D) the consumer price index. E) none of the above.

Which of the following provides a good explanation of why multinational firms exist?

A. Internalization advantages that favor direct investment over contracting with independent foreign firms B. The need to shift financial capital between countries C. Firms lack inherent knowledge of foreign laws, procedures, and practices. D. Location factors that favor exporting over foreign production