In the U.S.GDP,imports

question 64

Multiple Choice

In the U.S.GDP,imports

• A)Include smuggled goods.
• B)Include black-market goods.
• C)Are the total of U.S.goods sent abroad.
• D)Are goods purchased from foreign sources.

---

Definitions:

Implied Warranty

A legal term for assurances that are not explicitly stated but are assumed in the sale of goods or services, ensuring certain minimum standards.

Merchantability

A warranty that goods sold will be of satisfactory quality and fit for the purpose for which they are sold.

Warranty of Merchantability

A guarantee implied by law that a product sold will meet certain quality and performance standards.

Vet Bills

Expenses incurred for medical treatment, surgeries, medications, and general healthcare provided by veterinarians to animals.