One of the reasons for the growth performance of free-market economies is firms’ use of innovation to compete with one another.

________ is the market value of final goods and services produced in a country in a given period of time?

A) Gross national product B) Gross domestic product C) Net national product D) Net domestic product

When a rich nation buys a product made in a poor nation, in the poor nation the demand for labor ________ and the wage rate ________

A) increases; rises B) increases; falls C) decreases; rises D) decreases; falls