Which of the following is included in Singapore’s GDP? Th…

Which of the following is included in Singapore’s GDP? The value of production by a Singaporean working in the U.S. The value of production by an American company in Singapore The value of production by a Singaporean that crosses the border to work in Malaysia All of the above are correct

Suppose you will receive $800 in two years. If the interest…

Suppose you will receive $800 in two years. If the interest rate is 5 percent, then the present value of this future payment is 1. $725.62. It would be higher if the interest rate were higher 2. $727.28. It would be higher if the interest rate were higher 3. $725.62. It would be lower if the interest rate were higher 4. $727.28. It would be lower if the interest rate were higher  

If Shawn can produce more donuts in one day than Sue can pro…

If Shawn can produce more donuts in one day than Sue can produce in one day, then Shawn has a comparative advantage in the production of donuts Sue has a comparative advantage in the production of donuts Shawn has an absolute advantage in the production of donuts Sue has an absolute advantage in the production of donuts

A competitive market is one in which there is only one se…

A competitive market is one in which there is only one seller, but there are many buyers are many sellers, and each seller has the ability to set the price of their product are many sellers, and they compete with one another in such a way that some sellers are always being forced out of the market are so many buyers and so many sellers that each has a negligible impact on the price of the product