Which of the Following Would Increase GNP in the United

question 99

Multiple Choice

Which of the following would increase GNP in the United States?

• A)an increase in the production of U.S.-owned General Motors cars made in Mexico
• B)an increase in the production of Japanese-owned Toyota cars in Mexico
• C)an increase in the production of Japanese-owned Toyota cars in the U.S.
• D)an increase in the production of Mexican-owned Grupo Minsa corn in the U.S.

Understand the impact of market structures on the pricing and profit-maximizing strategies of firms.

Distinguish between the short run and long run in economic analysis, particularly in terms of firm behavior and market dynamics.

Apply the concepts of sunk costs and opportunity costs in economic decision-making.

Evaluate the conditions for long-run equilibrium in competitive markets and the adjustment process following changes in demand.

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