Question: Suppose that a US-based car maker lays off 1000 US citizens working for it and replaces them by 1000 Mexican citizens residing in the same

Suppose that a US-based car maker lays off 1000 US citizens working for it and replaces them by 1000 Mexican citizens residing in the same city in the US. As a result, the difference between Gross National Income and GDP

increases.

remains the same.

decreases.

None of the above.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

On January 1, 2018, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before...

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the deed to the land. Jamie took possession of the land and began building a cabin on it. One...

BMGT 380 - Final Exam Questions for E-resources - Fall 2014 Multiple Choice: 1 point each 1. Sam orally agreed to sell Jamie some land for $500,000. Jamie paid Sam the $500,000; Sam gave Jamie the...

Consider the following graph Which shows the Good A Market in equilibrium at a price of $100 and a quantity of 90 units. The next graph shows how examples of how changes in the world can cause a...

5/21/2016 University of Phoenix: Management PRINTED BY: cherylesowell2012@email.phoenix.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without...

:Answer all questions. Everyone has to eventually look to the future and consider the prospects of retirement. What is the present status of retirement benefits according to the authors of the...

One. Recall an experience at work or school (or in life generally) when your perceptions (or someone else's perceptions) were later found to be distorted. The following factors distort our...

1. The name of the case: this generally includes an abbreviation of names of usually at least two parties and is the method by which a particular case is specifically identified in part; 2. The name...

Everyone has to eventually look to the future and consider the prospects of retirement. What is the present status of retirement benefits according to the authors of the attached article? Do you...

3. Assume that Mrs. Ivorys real income will not change over the next sixteen years. Use the mean real income from question 1 to determine projected real income for the future sixteen years of Mrs....

Find a general solution. Show the details of your work. y'1 = 4y1 - 8y2 + 2 cosh t y'2 = 2y1 -6y2 + cosh t + 2 sinh t

What 802.11 standard(s) would allow you to connect most devices at 5ghz, while still being able to connect this 2.4ghz-only device? How does using the 5ghz band help to improve the performance of...

Lucy Lamonte s unincorporated business has inventories with a fair market value of $ 4 7 , 0 0 0 and a tax cost of $ 5 5 , 0 0 0 . In addition, it has land with a fair market value of $ 2 7 5 , 0 0 0...

Condensed financial data of Minnie Hooper Company are shown below. Additional information:1. New plant assets costing $146,000 were purchased for cash during the year.2. Investments were sold at...

Condensed balance sheet and income statement data for Clarence Corporation appear below. Additional information:1. The market price of Clarence?s common stock was $4.00, $5.00, and $8.00 for 2011,...

What are the six major factors that distinguish multinational financial management from financial management as practiced by a purely domestic firm? Citrus Products Inc. is a medium-sized producer of...

a. What is a multinational corporation? Why do firms expand into other countries? b. What are the six major factors that distinguish multinational financial management from financial management as...

A statewide real estate sales agency, Farm Associates, specializes in selling farm property in the state of Nebraska. Its records indicate that the mean selling time of farm property is 90 days....

SIMPLIFYING SENTENCES Rewrite the following sentences more simply and clearly. Gladys Ann Higginbotham said she is not alone in her beliefs since other people also think the children are currently in...

1. Discuss the following statements: (a) A circle becomes a straight line when viewed on a very small scale. (b) Breaking patterns creates change.

2. Develop your own loop models for the following conditions. At least one model shall be developed for each of the points under (a-j) a) If A shows anger towards B, what will Bs reaction be? b) What...

1. To gain an understanding of the fact that relationships are something more than only cause and effect chains.