Which of the following is likely to happen if a German company opens a production unit in New York?
A) U.S.'s GDP will decrease. B) U.S.'s GNP will increase.
C) Germany's GNP will increase. D) Germany's GDP will increase.
C
Economics
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If average cost is positive,
A) marginal cost equals average cost. B) marginal cost exceeds average cost. C) marginal cost is less average cost. D) Not enough information is provided.
Economics
Saving to meet long-term objectives-such as retirement, college attendance, or to purchase a home,-is called ________ saving.
A. public B. precautionary C. bequest D. life-cycle
Economics