Which of the Following Would Be Added to U

question 34

Multiple Choice

Which of the following would be added to U.S.national income?

• A)An American consumer buying French wine
• B)An American business selling aircraft to British Airways
• C)A Swedish firm selling mobile phones to Americans
• D)A French firm buying a Swedish cellular phone

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Definitions:

Express Warranties

Explicit guarantees provided by a seller to a buyer regarding the quality, performance, or specifications of a product or service.

Implied Warranties

Legal assurances that are not explicitly stated but are assumed in the sale of goods, suggesting they will function as expected.

Transaction

A business deal or action, such as buying or selling, between two or more parties.

Warranty

A warranty is a guarantee provided by a seller to a buyer, promising to repair or replace a product if it fails within a certain period after purchase.