If an American Firm Opens a Production Facility in India,the

question 68

Multiple Choice

If an American firm opens a production facility in India,the total value of the production will be included in the

• A)gross domestic product of the United States.
• B)national income of the United States.
• C)gross domestic product of India.
• D)national income of India.

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Definitions:

Conflict Theory

A theoretical framework that views society as being in a constant state of conflict due to competition for limited resources, focusing on the struggles between social classes.

Status

An established position in a social structure that carries with it a degree of prestige.

Intellectual Talent

The capacity for complex thought processes, creativity, problem-solving, and acquiring knowledge.

Innate Trait

A characteristic, ability, or quality that is present from birth, not acquired through learning or experience.