Which of the Following Is an Example of a Good

question 85

Multiple Choice

Which of the following is an example of a good that would not count toward U.S. GDP?

• A) A car made by Toyota in Tennessee
• B) A car made by Ford in Michigan
• C) Sneakers made by Nike in Indonesia
• D) Sneakers made by New Balance in Ohio

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Definitions:

ULPA

Ultra-Low Penetration Air (ULPA) filters are highly efficient filtration systems capable of removing airborne contaminants with a very high degree of efficiency.

RULLCA

The Revised Uniform Limited Liability Company Act that governs the formation, operation, and dissolution of LLCs in states that have adopted it.

Merge

The combination of two or more entities into a single entity, in which one entity absorbs the others and their assets and liabilities.

Apparent Authority

A situation where a reasonable person would understand that an agent had authority to act, even if the agent did not have actual authority.