Exports and imports - Study guides, Class notes & Summaries

4 Components of GDP Correct Answer-1) Consumption Spending (not including spending on new houses) 2) Investment Spending (drops MORE in a recession) 3) Government Purchases (does not include transfer payments, i.e. social security) 4) Net Exports (exports - imports) GDP Equals Correct Answer-Total Production = Total Income GDP Correct Answer-Market Value of all Final Goods and Services Produced in a Country in a Year What is NOT Included in GDP Correct Answer-Underground Economy and ...

When using a dynamic schedule and the energy profile in an hour is >250 MW and the actual hourly integration deviates from the hourly energy profile by ____ the tag must be modified. A. 100 MW B. 10% C. 50 MW D. 25% B. 10% Dry steam plants, flash steam plants, and binary cycle power plants are the three main types of what kind of generating plant? A. Nuclear generators B. Combustion turbine generators C. Geothermal generators D. Hydroelectric generators C. Geothermal generators...

ECON 2301 Test 3 - Questions, Answers and Rationales GDP is: A. the total value of all consumer expenditures within a given period. B. national income after taxes. C. the total value of all final goods and services plus intermediate goods and services produced domestically within a given period. D. the value of all final goods and services produced domestically within a given period. E. the total value of all final goods and services minus the value of intermediate goods and services produced ...

International Business - ANSWER-is any commercial transaction that crosses the borders of two or more nations Imports - ANSWER-Goods and services that are purchased abroad and brought into a country Exports - ANSWER-Goods and services sold abroad and sent out of a country Key Players - ANSWER-Large companies from the wealthiest nations Firms from emerging markets Small and medium sized companies Multinational corporations (MNCs) Born global firms Gross Domestic Product (G...

Econ 248 Final Test Questions With 100% Correct Answers. The Heckscher-Ohlin theory predicts that trade between similar industrialized countries should - answerbe rather limited in volume. Scale economies are said to be present when - answeran increase in output leads to a decrease in average cost. Internal scale economies occur when - answerexpansion of output by a firm leads to greater specialization of labor. ________ is a market structure in which a large number of firms compete vigo...

AP Comparative Government Vocabulary accountability - Correct Answer the concept that government officials are responsible to and serve at the pleasure of constituents or elected officials (and that they may be removed from office by those electors or officials) adjudicate - Correct Answer to resolve a matter in dispute; when backed up by the authority of government the decision can be enforced agricultural sector - Correct Answer that part of a country's economy that is involved in the ...

HSC Economics Exam Questions With Answers advanced economies Post-industrial countries with high per capita income, competitive industries, and developed commercial infrastructure; typically the richest countries, including Australia, Canada, Japan, the United States, and nations of Western Europe direct investment the ownership of overseas facilities economic integration a process of eliminating restrictions on international trade, payments, and factor mobility emerging econo...

FREE MOVEMENT OF GOODS Questions and Answers . In spite of the aims of the EU Treaties, there is still not at the present time absolute freedom for a person in one Member State to import or export goods from or to another Member State. Discuss, explaining in particular the circumstances in which a Member State can lawfully restrict or prohibit the free movement of goods from another Member State. The internal market is defined in Article 26 TFEU in the following terms: The internal market ...

MBA Econ FINAL Exam Questions & Answers 2024/2025 What does GDP measure? Four Components of GDP? - ANSWERSTotal income of everyone in the economy and total expenditure on goods and services. - Total expenditure= total income (because every dollar spent somewhere goes to someone) - Four components of GDP: 1. Consumption (largest segment) 2. Investment 3. Government Spending (2nd largest segment) 4. Net Exports (smallest segment) Y= C + I + G + NX Consumption - ANSWERSTotal spendin...

TEST FOR ADJUSTER PRO, FLORIDA STUDY(QUESTIONS AND ANSWERS)A+ GRADED EXAM 2023-2024 - CORRECT ANSWER-Subtract the deductible from covered damages to get indemnification - CORRECT ANSWER-6 unique characteristics of insurance policy 1 Contracts of adhesion (court ez win) 2 Utmost good faith 3 aleatory 4 personal 5 Unilateral (only insurer has obligation) 6 Conditional - CORRECT ANSWER-1945 regulate insurance Naic doesn't give benefits to comissioners 90 day to pay hijacking on...