Which of the following is an example of U.S. foreign direct investment?
a. A Swedish car manufacturer opens a plant in Tennessee.
b. A Dutch citizen buys shares of stock in a U.S. company.
c. A U.S. based restaurant chain opens new restaurants in India.
d. A U.S. citizen buys stock in companies located in Japan.
c
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Big Alice Ice Cream Parlor reduced its price of an ice cream cone from $1 to 90 cents. Sales consequently increased from 1,000 cones per week to 1,050 cones per week. The approximate price elasticity is
A. 0.20. B. 0.46. C. 2.16. D. 5.00.
At optimal output, the firm described in Table 8-1 earns a profit of
A. $1 per unit of output. B. $2 per unit of output. C. $1 total. D. $2 total.
Give some explanations for the decline in union membership in the United States
When output rises, AFC
A. must be rising. B. must be falling. C. may be falling or rising. D. will remain constant.