Which of the Following Would Not Increase U.S.GDP

question 76

Multiple Choice

Which of the following would not increase U.S.GDP?

• A)increased demand in Costa Rica for California-made personal computers
• B)increased demand in Alabama for California-made personal computers
• C)increased production of computers in California,but no increase in the number sold
• D)increased shipments of computers from the U.S.to Canada
• E)increased shipments of Ghanian cocoa to the United States on Greek vessels

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Definitions:

Regulatory

Pertaining to the process of establishing and enforcing rules and standards by government or organizational authorities.

Michigan Licensing Requirements

refers to the specific qualifications and criteria set by the state of Michigan for the issuance of professional licenses.

Mirror Image

A principle in contract law that requires the terms of the acceptance to exactly match the terms of the offer.

Quasi-Contract Theory

A legal concept where a court imposes a contractual obligation on a party who has not actually entered into a contract, to prevent unjust enrichment.