If the United States decides to trade with Yemen, we know that a. it will not benefit Yemen because workers in the United States are more productive. b. Yemen and the United States can both benefit. c. it will not benefit either country because their cultural differences are too vast. d. Yemen will benefit, but trade with a less developed country could not benefit the United States.

Which of the following is a problem for the production of public goods?

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak