An Example of an Expatriate Is A

question 41

Multiple Choice

An example of an expatriate is a:

• A)a U.S. citizen working for a Japanese firm in the United States.
• B)a Japanese citizen working in Japan for a Japanese firm.
• C)a person born in Germany but is currently a U.S. citizen working in the United States.
• D)a U.S. citizen working for a U.S. firm in Germany.
• E)a person born in the United States and is currently a Japanese citizen working in Japan.

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Definitions:

Output

The total quantity of goods or services produced by a firm, sector, or economy within a certain period of time.

Explicit Costs

Payments by a firm to purchase the services of productive resources.

Implicit Costs

The opportunity costs associated with a firm’s use of resources that it owns. These costs do not involve a direct money payment. Examples include wage income and interest forgone by the owner of a firm who also provides labor services and equity capital to the firm.

Total Cost

The complete amount of money required for the production of a specific quantity of goods or services, including both fixed and variable costs.