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docker41 [41]
4 years ago
13

Classify the given goods according to whether or not they would be included in calculating the GDP for the United States. All go

ods should be placed. If a country is not specified, you can assume the action is performed in the United States.A. Honda's assembly and sale of cars in the U.S. B. Sale of wheat to Mrs. Baird's Bakery.C. Resale of used textbooks to college students.D. GM's assembly and sale of cars in Mexico.E. Ocean Spray purchases plastic to make bottles.F. Old Navy purchases mannequins to display clothes.
Business
1 answer:
Elden [556K]4 years ago
4 0

<u>Included in the GDP of the U.S</u>:

  • Honda assembly and sale of cars in the U.S.
  • Old Navy purchases mannequins to display clothes

<u>NOT included in the GDP of the U.S:</u>

  • Sales of wheat to Mrs. Baird's Bakery.
  • Resale of used textbooks to college students.
  • GM's assembly and sale of cars in Mexico.
  • Ocean Spray purchases plastic to make bottles.

<u>Explanation</u>:

Gross Domestic Product (GDP) helps in measuring the production of goods and services in the country. The economic growth of the country is estimated by observing the GDP. One way to increase GDP is by increasing the literacy rate of the country.

Based on the given goods, the following can be included in the GDP of United States of America:

Assembly and sale of cars by Honda company in America.

Mannequins are purchased by Old Navy to display clothes.

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The opportunity cost of hosting these events is the next best alternative bundle of goods and services that could be provided.

<h3>What is meant by opportunity cost?</h3>

This is the term that is used to talk about the foregone alternative. It is what would have to be neglected because of another choice that has to be taken.

What this means is that the money that would have been spent on other aspects of the government was spent on the world cup so the benefits that the people would have gotten from the options are lost.

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2 years ago
If the supply of a product increases, then we would expect equilibrium pricea.to increase and equilibrium quantity to decrease.
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Answer:

The correct answer is option d.

Explanation:

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This will cause the quantity demanded of the product to increase and the price of the product to decrease.

A decrease in the supply will cause the quantity demanded to decrease and price to increase.

The effect of supply increase is indicated through the given figure.

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4 years ago
A homeowner hired a contractor to finish her basement. They agreed on a price of $20,000 for the job. During the final stages of
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The inference is that the contractor will prevail because the homeowner agreed to the price increase.

<h3>What is an inference?</h3>

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In this base, inference is that the contractor will prevail because the homeowner agreed to the price increase.

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When an investor adds international stocks to his or her U.S. stock portfolio, a. he or she needs to seek professional managemen
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Answer:

With Yani's counter-wage offer, the insurance firm will likely reject his counter-offer and, in the extreme, withdraw the employment proposal with the firm.

Explanation:

As indicated in the question, the insurance company is a monopsony.  A monopsony is the single buyer in the marketplace.  This means that there is no other firm that can employ Yani in his Connecticut hometown.  He must look for another job in another environment outside his hometown or condescend to accept the lower than hoped-for salary by the large insurance firm.

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