Several European countries spend less time working and more time on leisure activities than the United States. How is this greater leisure time accounted for in gross domestic product measurements? Choose one: A. Leisure time doesn’t factor into a country’s GDP. B. A value for leisure time is added to a country’s GDP by using a market wage that is a weighted average of the own-country’s average hourly wage rate and the rest of the world’s hourly wage rate. C. Leisure time is added to GDP by using the average market wage for labor in that country.

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against. national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not. free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against. infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.