When BHP (An Australian Mining Company)buys a Canadian Company Running

question 149

Multiple Choice

When BHP (an Australian mining company) buys a Canadian company running mines in Canada and takes ownership of the Canadian mining company's capital

• A)Australian GDP rises.
• B)Canadian GNI rises.
• C)GNI in Australia rises.
• D)Canadian GDP rises.
• E)Canadian NNI rises.

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Definitions:

Technology Change

The process by which new technologies are developed and introduced, resulting in changes to production processes, products, and industry standards.

Labor Employment

The engagement of workers in the workforce to perform tasks in exchange for wages or salaries.

Marginal Product

The additional output produced as a result of utilizing one more unit of a particular input.

Marginal Revenue

The additional income received from selling one more unit of a good or service.