A country in which a significant fraction of domestic production takes place in foreign-owned factories and facilities is most likely a country where
A) GNP is much larger than GDP.
B) GDP is much larger than GNP.
C) GDP is equal to GNP.
D) GDP is not comparable to GDP.
Answer: B
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Refer to the above figure. Profits for this firm are positive
A) only for all points less than B. B) only at points B and C. C) for points between B and C. D) for all points less than B and greater than C.
In thinking about the criteria for an ideal voting system, needing no dictator means:
A. one person cannot have the power to enact his or her own preferences. B. those in power must be forced to listen to the will of the people when enacting policy. C. the presence of pure democracy is needed, so everyone gets a vote. D. one person cannot have their preferences represented in what voters decide upon.