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IRISSAK [1]
2 years ago
13

Suppose Toyota built a new automobile plant in Mexico using Japanese management practices, Canadian capital, and Mexican labour.

Which of the following statements would be true?
A. The portion of output contributed by Japanese management would be included in both Japanese GNP and GDP.
B. The portion of output contributed by Mexican labour would be included in both Mexican GNP and GDP.
C. The portion of output contributed by Japanese management would be included in neither Japanese GNP nor GDP.
D. The portion of output contributed by Canadian capital would be included in Canadian GDP
Business
1 answer:
lesya692 [45]2 years ago
4 0

Answer: B. The portion of output contributed by Mexican labour would be included in both Mexican GNP and GDP.

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Which economic term is used to describe someting tangible (you can hold it and
uysha [10]

Answer:

C.good

Explanation:

A business can offer either goods or services. Goods are tangible products that can be touched, seen, smelled, eaten, etc., depending on the product, e.g. Coke, chocolate, cars, etc. Services are intangible, meaning that they cannot be seen or touched, they are experienced, e.g. going ot the movies, staying at a hotel, etc.

3 0
3 years ago
A zero-sum situation is a situation in which individuals are so linked together that there is a positive correlation between the
pashok25 [27]
The answer is "false"
3 0
3 years ago
Suppose that after hurricane​ Irene, the average income in Cape​ Charles, Virginia decreased by 16 percent. In response to this
SIZIF [17.4K]

Answer:

0.875

Explanation:

The income elasticity of demand measures the responsiveness of quantity demanded to changes in income.

Income elasticity of demand = percentage change in quantity demanded / percentage change in income

14% / 16% = 0.875

Demand is inelastic because the coefficient of elasticity is less than one.

I hope my answer helps you

3 0
3 years ago
________ now command about 45 percent of all retail sales in the united states. factory outlets joint agreements franchises acqu
butalik [34]

___ now command about 45 percent of all retail sales in the United States.

Franchises

4 0
3 years ago
Say that Alland can produce 32 units of food per person per year or 16 units of clothing per person per year, but Georgeland can
Ierofanga [76]

The true statement out of all is

B) Georgeland has both an absolute and a comparative advantage in producing clothing.

Explanation:

This is because Absolute advantage is when one firm or a producer is able to produce more of a product using less resources or less time or more of the product in the same resources or same time as the other.

Comparative advantage is found out at the added bonus of having the product be as viable as it is advantageous which means that the producer could also be making another product and would have the advantage in that too so either one of them is equally profitable.

5 0
3 years ago
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