Inward-oriented policies
a. include imposing tariffs and other trade restrictions.
b. have generally increased productivity and growth in the countries that pursued them.
c. promote the production of goods and services that the country produces most efficiently.
d. All of the above are correct.
a
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We observe a transaction only when the investment value of the buyer _____________ the investment value of the seller.
Fill in the blank(s) with the appropriate word(s).
How are intermediate goods treated in the calculation of GDP?
A) Their value is not counted separately, but included as part of the value of the final good for which they are an input. B) Their value is counted separately, and their value is also included as part of the value of the final good for which they are an input. C) Their value is counted separately, but is not included as part of the value of the final good for which they are an input. D) They are included only if they are imported.