If a Japanese company opens a new factory in South Korea, it makes
a. foreign direct investment. The factory will make a bigger impact on South Korea's GDP than on its GNP.
b. foreign direct investment. The factory will make a bigger impact on South Korea's GNP than on its GDP.
c. foreign portfolio investment. The factory will make a bigger impact on South Korea's GDP than on its GNP.
d. foreign portfolio investment. The factory will make a bigger impact on South Korea's GNP than on its GDP.
a
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Refer to Scenario 1-3. Had the firm not produced and sold the last 400 t-shirts, would its profit be higher or lower, and if so by how much?
A) Its profit would be $800 higher. B) Its profit would be $4,000 lower. C) Its profit would be $4,800 higher. D) Its profit would be $800 lower.
If the dollar were to increase relative to the currencies of our major trading partners, our trade deficit would tend to ______________.
Fill in the blank(s) with the appropriate word(s).