An example of foreign direct investment is the
A) domestic acquisition of less than 10 percent of a foreign company.
B) foreign purchase of more than 10 percent of stock in a domestic company.
C) purchase of livestock from abroad.
D) sale of insurance in a foreign nation.
B
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The figure above shows Lauren's demand curve for Barbie dolls and the market price for Barbie dolls. Using the area of the consumer surplus triangle, Lauren's total consumer surplus from purchasing 3 dolls is
A) $5.50. B) $10.00. C) $22.50. D) $45.00. E) 3 dolls.
La Super Rica is a taco stand in Santa Barbara, California. It is popular with the locals and even the late Julia Child found the food delicious. Suppose La Super Rica maximizes its profit
If La Super Rica's lunch price is greater than its average total cost, which of the following statements is NOT true? A) La Super Rica is producing at its efficient scale. B) La Super Rica is making an economic profit. C) La Super Rica is producing a quantity where marginal revenue equals marginal cost. D) La Super Rica has excess capacity.
If social cost exceeds private cost, there is
A) underproduction of a good. B) a negative externality. C) a positive externality. D) too little economic profit in the activity.
The labor demand curve:
A. slopes up because of the law of demand. B. slopes down because of the law of demand. C. shifts out when wages fall. D. shifts in when wages rise.