Related to the Economics in Practice on P

question 118

Multiple Choice

Related to the Economics in Practice on p. 107: If a Swiss dealer sells a newly produced Swiss watch on eBay to a U.S. customer, the value of the watch is

• A) counted in U.S. GDP.
• B) counted in U.S. GDP and Swiss GDP.
• C) counted in Swiss GDP.
• D) not counted in either U.S. or Swiss GDP.

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Definitions:

Time Urgency

A psychological state characterized by ongoing feelings of being pressured by time or of being in a constant rush.

Competition

The process or state of attempting to achieve or secure something through overcoming or proving dominance over others.

Psychological Therapy

A general term referring to therapeutic interaction or treatment between a trained professional and a client, patient, family, couple, or group.

Psychological Treatment

The use of psychological methods, particularly when based on regular personal interaction, to help a person change behavior and overcome problems in desired ways.