Foreign direct investment refers to
A. the granting of a loan to a company located in a foreign country.
B. a direct monetary grant to a foreign company or government.
C. the acquisition of less than 10 percent of the shares of ownership in a company in another nation.
D. the acquisition of more than 10 percent of the shares of ownership in a company in another nation.
Answer: D
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The utility of a good is
a. different for different consumers b. the same for all consumers c. constant no matter how much is consumed d. related to the cost of producing it e. positive for all goods and all consumers
The largest component of the money supply (M1) is:
A. currency in bank vaults. B. currency in circulation. C. checkable deposits. D. stock certificates.
A tax that fell very heavily on the rich and the upper middle class might shift the Lorenz curve from
A. J to K.
B. K to L.
C. L to K.
D. I to J.
Which of the following is not a reason workers in American industry are more productive than those in many other countries? because of
A. The large supplies of machinery available B. Abundant natural resources C. Technical know-how D. American exceptionalism